Marketplace®

Daily business news and economic stories

Slowing growth in China a concern to global companies

Global automakers, to take one example, are finding the downward trend concerning.

Boxes of photoelectric board products are cased at the Tianwei Yingli Green Energy Resources plant in Baoding, China.
Boxes of photoelectric board products are cased at the Tianwei Yingli Green Energy Resources plant in Baoding, China.
Feng Li/Getty Images

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.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    10 hours ago
    25:19
  • Make Me Smart
    16 hours ago
    19:00
  • Marketplace Morning Report
    18 hours ago
    6:55
  • Marketplace Tech
    a day ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45