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Business Matters: Worries about the Chinese economy

Worries about the Chinese economy

16/08/2023 GMT

BBC World Service - Business Matters, Worries about the Chinese economy

How are China’s economic woes affecting the rest of the world?

The Chinese government unexpectedly cut a key interest rate to try to boost growth, and said it would no longer report figures for youth unemployment.

It has been said that if America sneezes then the world catches a cold and this must now be true of China, the world’s second largest economy. 

On Tuesday it unexpectedly cut a key interest rate to try to boost growth and also said it would no longer report figures for youth unemployment. We look at how China’s economic woes are affecting the rest of the world.

(Picture: Businessman looking at cityscape. Picture credit: Getty Images)

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