world-economy

China's Economic Imbalance Prompts Policy Calls as Growth Falters

Chinese government advisers are pressing officials to address widening disparities within the economy. High-tech sectors are surging while consumer demand weakens. Second-quarter growth slowed markedly, with retail sales and investment declining at rates unseen since the pandemic. Former and current advisers gathered at the Beijing-based China Macroeconomy Forum on Saturday to discuss the divergence. They emphasized the need to correct the imbalance between strong production and weak demand. Policymakers face pressure to implement measures that can rebalance expansion across sectors and revive consumer spending.