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China's Economy Likely Reached Its Lowest Growth Rate in a Year, Real Estate Crisis Not Over
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After the outbreak of the real estate crisis in 2020, many projects remained unfinished and several large developers went bankrupt.
China's economy likely recorded its weakest growth in a year in the third quarter, driven by weak demand and a lingering crisis in the key real estate sector, compounded by a trade war with the US, according to a survey by AFP. China is struggling to return to the strong economic growth it enjoyed before the coronavirus pandemic. The government has taken a number of measures to support the economy. It is falling short of its target. The first da…
·Bratislava Region, Slovakia
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