China’s leaders face miserable economic-growth figures

The Jingxi Lodge in Beijing is thought for its home-made yogurt—and for internet hosting a number of the most vital conferences within the historical past of the Chinese language Communist Celebration. They embody the “third plenum” of 1978, which confirmed Deng Xiaoping’s rise to energy and the opening of the Chinese language economic system. The nation’s leaders at the moment are gathering for another “third plenum” on this carefully guarded venue from July Fifteenth-18th. They need to savour their yogurt. As a result of outdoors the resort partitions, the economic system is popping bitter once more.

Figures launched on the opening day of the assembly confirmed that the economic system grew by 4.7% within the second quarter, in contrast with a 12 months earlier. The quantity was each weaker than anticipated and slower than the earlier quarter’s determine, when development appeared to be stabilising. It places the federal government’s official development goal for this 12 months—round 5%—unsure.