Virus outbreaks, ‘grim’ outlook sees regional economies echo China’s slowdown

Sporadic coronavirus outbreaks and a “grim and complex” external environment continued to weigh on China’s regional economic growth rates during the first three quarters of the year with almost two thirds falling below the national average.A total of 20 of China’s 31 provincial-level jurisdictions failed to achieve the national average of a 9.8 per cent growth rate in the January-September period. This is the same ratio as seen in the first half of 2021, but double the level seen at the end of…

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