China’s economic growth rate is declining – Bloomberg

Economic growth in China is slowing down, analysts say Bloomberg. This is evidenced as a publicly available economic data, as well as a composite index developed by the agency itself. In September, sales volumes in real estate and automotive China's industries were not high. In addition, the confidence index in the stock market showed a decline in business environment. All these signs indicate that the Chinese economy is losing its growth rate turns, writes Bloomberg. In addition, the composite index of the agency, based on 8 indicators, has dropped this month to negative values. For comparison, in August it signaled about acceleration of growth. China's economy was recovering from restrictions due to coronavirus is not evenly distributed. The impetus for its growth was the active coronavirus increasing industrial production, but now, as shows the statistics, the consumption level is no longer the same its volume. For the country's economy to continue recovering, it needs a much higher level of spending by consumers and business, noted in Bloomberg.