37.5 C
Bangkok
Friday, March 29, 2024

World shares mixed after China reports slowing growth

World shares are mixed after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter

BANGKOK — World shares were mixed on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter.

Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined.

The weakness in China’s economy toward the end of 2021 is prompting suggestions Beijing should intervene to prop up growth with interest rate cuts or by injecting money into the economy through public works spending.

Shortly before the growth data were released, the Chinese central bank announced a rate cut on medium-lending to commercial…

Read more…

Latest Articles