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29 October, 06:23

3 causes of China's economic slowdown.

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  1. 29 October, 06:37
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    China's economic growth made a slow pace because of these reasons:

    1. International Demand Slowdown - China had been a main contributor in the global market, but transactions with other countries such as Europe, Japan, and South Korea had lately slowed down. Because of such, their economic growth slowed because of low demand.

    2. Housing Sector Slowdown - Housing prices were currently affected; thus, China’s real estate sector dropped.

    3. Steel Sector - The global demand for steel got low. Since China is one of the main contributors of steel, their mass production of such product were cut off.
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