The Wall Street Journal

China’s economy faces deepening troubles in years ahead

China’s economy faces deepening troubles in years ahead
Predictions that the Chinese economy would eclipse that of the US have faded. (Image: Getty)
The Wall Street Journal
By Stella Yifan Xie HONG KONG – With the property market that long fuelled China’s growth mired in a prolonged downturn, China’s economy is shifting into a lower gear.The country’s struggling economy showed some signs of life on Wednesday, with strengthening retail sales helping to drive growth to a faster-than-expected 4.9% in the third quarter.The data suggest that recent stimulus measures, including interest-rate cuts and steps to encourage home sales, have helped stabilise the economy, putting it on tr...

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