What new norm of slower Chinese growth could mean for the global economy


A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023.

Ying Tang | NurPhoto | Getty Images

The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization.

The Chinese government is ramping up a host of measures aimed at boosting the economy, with a key Politburo meeting scheduled later this week to review the country’s first-half performance.

Chinese gross domestic product grew by 6.3% year-on-year in the second quarter, Beijing announced Monday, below market expectations for a 7.3% expansion after the world’s second-largest economy emerged…


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