China facing prospect of economic slowdown

Sky News Business Editor Ross Greenwood says China could also be going through an financial slowdown and might be “even struggling to break even” as international locations world wide grapple with rising costs and lack of financial demand.

Mr Greenwood mentioned a press release launched by China’s Premier detailed how some financial indicators since March have “apparently declined, with difficulties greater even than shockwaves brought in by the outbreak of COVID-19 in 2020”.

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