Problems in the Chinese economy The decline in real estate investments in China continued its negative impact on economic growth. While stagnation continues in investments, youth unemployment rate was not announced this month either
October economic indicators in China, which has the world’s second largest economy, reveal that difficulties in recovery after Covid-19 continue in the fields of production, consumption, investment and employment.
The National Bureau of Statistics (UIB) announced the data set consisting of industrial production, retail sales, fixed capital investments and unemployment figures covering October and the first 10 months in the country.
Accordingly, while signs of recovery in production and consumption continued in October, the decline in real estate investments continued its negative impact on economic growth.
STAGE IN INVESTMENTS
Industrial production, which calculates the production output of industrial enterprises with an annual turnover of over 20 million yuan (about 2.76 million dollars), increased by 4.6 percent on an annual basis in October, above the 4.5 increase in September.