China’s economic growth set to fall behind the rest of Asia | 德国之声

China’s economic growth is set to fall behind the rest of Asia for the first time since 1990, according to the World Bank. It expects the Chinese economy to grow 2.8 percent this year – nearly half of what was previously forecast. The slowdown is largely due to a downturn of the property market and Beijing’s Zero-Covid policy. The World Bank cut its forecast for the Asia Pacific Region as a whole to 3.2 percent. What are the prospects for the Chinese economy now?

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