China’s Economic Growth Stalls Amidst Investment Slump and External Pressures

China’s economic momentum has slowed in the final quarter of 2023, facing challenges from declining investment and heightened trade tensions. Fixed-asset investments plunged by 1.7% for the first ten months of the year, marking the most significant decline in decades. This downturn is being driven by weak demand both domestically and internationally, leading companies to curtail capital spending. The slump in property investment further exacerbates the situation as developers grapple with a housing market slump that continues to weigh on growth.