Slowing growth in China a concern to global companies

Scott Tong Jul 15, 2019
HTML EMBED:
COPY
Boxes of photoelectric board products are cased at the Tianwei Yingli Green Energy Resources plant in Baoding, China. Feng Li/Getty Images

Slowing growth in China a concern to global companies

Scott Tong Jul 15, 2019
Boxes of photoelectric board products are cased at the Tianwei Yingli Green Energy Resources plant in Baoding, China. Feng Li/Getty Images
HTML EMBED:
COPY

The Chinese economy has been growing, quarter after quarter, year after year, for decades. But the super-fast growth — call it the teenager years — has passed. In the last quarter, China’s growth rate clocked in at 6.2%, as its slowest in nearly three decades.

With growth slowing, Chinese consumers are not necessarily buying the way they used to, and that’s not great news for the global economy. Take car sales in China, for example. They’ve been flat or negative for the past year. That’s a big worry for global automakers.

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.