China’s worsening economic slowdown is rippling across the globe

China’s momentum is fading after decades of supercharged growth. A much anticipated post-pandemic recovery appears to have flopped. (Image: Getty)

Bloomberg

Mon, 28 Aug 2023

Bloomberg NewsChina’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide. Caterpillar says Chinese demand for machines used on building sites is worse than previously thought. US president Joe Biden called the economic problems a “ticking time bomb”. Global investors ha...

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