China GDP growth outlook sputters to 3.3%, threatening global economy

Weak consumption spoils earlier signs of recovery

20221115N Alibaba Singles Day REUTERS

People walk along Shanghai's main shopping area Singles Day on Nov. 11. The unofficial shopping holiday saw a significant drop-off in package deliveries, indicating depressed consumption. © Reuters

Nikkei staff writers

BEIJING/TOKYO -- The Chinese economy is on track to expand by 3.3% in real terms this year, according to the latest QUICK FactSet survey of private-sector analysts, indicating that growth will be much slower than anticipated and weigh on the global economy.

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