The Industrial production growth data was below the 5.6 per cent expected by analysts in a Bloomberg survey. Photo: Reuters
China economy slows further as industrial output growth slumps to lowest in a decade
- Industrial production growth slowed to 5.3 per cent in January and February compared to the same period last year, down from 5.7 per cent growth in December
- Unemployment rate rose to 5.3 per cent in January and February from 4.9 per cent in December, according to the National Bureau of Statistics
Topic |
China economy
The Industrial production growth data was below the 5.6 per cent expected by analysts in a Bloomberg survey. Photo: Reuters
Aside from construction, the car industry is the sector which has one of the worst payment cycles, according to Coface. Photo: Reuters
China’s private companies making a pig’s ear out of paying their bills as economic slowdown bites
- Record numbers of Chinese firms are defaulting on their bonds, while also taking longer than ever to pay their suppliers, says trade credit insurer Coface
- A majority of companies expect lower growth this year, up from a third last year, as private sector bears weight of China’s slowdown
Topic |
China economy
Aside from construction, the car industry is the sector which has one of the worst payment cycles, according to Coface. Photo: Reuters