China’s weak domestic demand continues to undermine growth
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https://think.ing.com/articles/disappointing-domestic-demand-continues-to-drag-chinas-growth/
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4 itemsChina slowdown worse than expected on weak domestic demand
China’s weak domestic demand continues to undermine growth
The desk perceives China's ongoing weakness in domestic demand as a crucial factor impacting its economic growth outlook. As noted in the source, the persistence of low consumption and investment levels has raised concerns about meeting GDP growth targets, with Q3 likely remaining suboptimal unless boosted by a strong September. This view aligns with the broader sentiment reflected in the marketplace, where consensus expectations remain cautious given ING's forecast of 4.5% GDP growth year-on-year tilted to the downside. Additionally, continued external demand is essential but insufficient alone to counterbalance internal economic fragility, suggesting that a watchful eye on Chinese economic indicators will be pivotal in the coming weeks, notably ahead of the next data releases [source].