The Chinese economy is losing steam. The energy supply crisis coupled with other factors, such as problems in the real estate sector, are slowing down the Asian giant's economy, whose GDP grew 4.9% in the third quarter, far from the 7.9% in the second. trimester.
The Chinese authorities speak of a "complex and harsh" environment both domestically and internationally.
"In general terms, the national economy remains on the path of recovery," said Fu Linghui, spokesman for the National Statistical Office. However, uncertainties in the international environment are increasing and the national economic recovery is unstable and uneven. " .
Industrial production, weighed down by coal supply problems
In this economic slowdown, supply problems and the increase in the price of coal, the country's main source of energy, are greatly influencing.
As a result, Chinese power plants are idling and electricity is being rationed, factors that are weighing on industrial production.
Added to this is the uncertainty in the real estate sector caused by the debt problems of the giant Evergrande.
Despite everything, both the IMF and the Chinese central bank estimate that the country will end the year with growth of around 8%, surpassing Beijing's target of 6%.
