EconomyChina GDP growth outlook sputters to 3.3%, threatening global economy
Weak consumption spoils earlier signs of recovery
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
November 16, 2022 06:10 JST
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.