- China’s preliminary third-quarter economic growth rate is the slowest ever forecast. And a “triple threat” of developmental factors could send the country into an even longer contraction, according to a Nomura economist.
- The three primary threats are a projected decline in the nation’s population starting in 2032, a middle-income trap, and the US-China trade war.
- The factors could wipe out China’s manufacturing advantage and send multinational corporations to other nations for cheap labor, Nomura’s Richard Koo wrote.
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China’s economy is grinding to its slowest levels of growth in decades.
The country’s second-quarter growth of 6.2% was read more >>>