Winners and Losers in China's Deepening Economic Slowdown

January 20, 2015 6:15 AM

5 0

China's economy, the world's second largest, grew 7.4 percent last year, its slowest expansion in nearly a quarter century. Forecasters expect growth to wane further in the next several years as China emphasizes consumption over polluting heavy industry and manufacturing, which suffer from overinvestment and overcapacity. The IMF predicts growth of 6.3 percent in 2016, a dramatic shift from double digit rates in previous years that is creating winners and losers.

Industries that profited from China's building boom are being battered by the ruling Communist Party's effort to reduce reliance on investment and nurture more sustainable growth based on domestic consumption. Developers are losing access to credit and building permissions. Suppliers of steel, coppe...

Also read: Get restaurant gift cards with an added bonus

Read more

To category page

Loading...