Wednesday, December 7, 2022
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What will happen to China now? Sword hanging on economy, big disclosure on employment

China News: According to the data, there has been a decline in new contracts and employment. Due to which it is now being said that China’s economy may decline. At the same time, there are many other reasons behind the decline in the economy, due to which China is suffering.

China Economy: The economy of every country matters a lot. The economy of any country plays a big role in the progress of the country. At the same time, big information has come out about the economy of China. Actually, there are signs of decline in China’s economy. Due to which the sword is seen hanging on China’s economy. In such a situation, there is also a possibility of a decline in the Chinese economy in the coming times.

weakness in manufacturing

In fact, China witnessed a weakness in the manufacturing sector during October, due to which the fear of a downturn in the economy has increased, according to China’s Government Bureau of Statistics and an official industry group, the monthly purchasing managers’ index fell to 49.2 in October, which It was 50.1 in September. A score of less than 50 in this index means contraction.

drop in employment

At the same time, these figures also present a picture about new jobs and contracts. In fact, according to these figures, there has been a decline in new contracts and employment. Due to which it is now being said that China’s economy may decline. At the same time, there are many other reasons behind the decline in the economy, due to which China is suffering.

Export affected

Earlier it was feared that economic growth would weaken by the end of 2022, as exports would be affected due to the slowdown in global demand. Apart from this, repeated lockdowns were imposed in cities to overcome Kovid-19 in China. Due to this there was a reduction in consumer spending in the domestic market.

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