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The Guardian - AU
The Guardian - AU
World
Peter Hannam

China’s economy is losing momentum. What is happening and why does it matter for Australia?

China Economy Australia United States Michael Pettis Covid-19 Lauri Myllyvirta Raymond Yeung Beijing AFPGetty Images
A woman walks in an alley in China’s capital of Beijing
A woman walks in an alley in China’s capital of Beijing. The IMF has recently slashed its growth forecast for China’s economy. Photograph: Mark Schiefelbein/AP

China, the world’s second-biggest economy, is in a rocky economic period marked by rolling Covid clampdowns.

The timing is awkward, given China is in the run-up to the 20th National Congress of the Communist party in November, which is expected to extend president Xi Jinping’s grip on power.

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