The slowdown is due to higher raw material prices and the reluctance of consumers to waste their money.
China’s Economic growth slowed in the second quarter of the year from the previous one, according to Statistics Finland. According to the news agency AFP, the slowdown is due to higher prices for raw materials and the reluctance of consumers to waste their money.
The Chinese economy grew by 7.9 percent in April-June, a significant decline from the previous three-month period.
In the spring, Statistics Finland published record economic growth figures for the second largest economic power in the world, with the economy growing by 18.3 per cent in January – March. Behind the staggering growth figures was a recovery from the coronavirus epidemic, the effect of which was also visible at the time of comparison.