In April, economic growth in China sharply weakened in almost all directions, industrial production fell to its lowest level in three years, and retail sales almost stopped.
Modern.az reports with reference to foreign media that Bloomberg spread information about this.
According to the information, investments in the country have again moved into the negative zone. Car sales fell by 15 percent against the background of decreasing domestic demand. Along with this, it is reported that the demand for furniture, household appliances and jewelry has also decreased.
Nevertheless, growth in exports and artificial intelligence continues to support electronics and electric vehicle production to some extent.
Analysts believe that without new economic stimuli, it will be difficult for the Beijing government to reach the 4.5-5 percent economic growth target set for 2026.
Analysts from Nomura, Goldman Sachs and HSBC have warned that the weakening in the Chinese economy may continue.
