China’s Slowing Economy – Worrying Signs for the World

The impact of COVID-19 affected the global economies. China’s V-shaped growth of economy is slowing down too. It is a worrying sign for the world as China is the second biggest global economy.

The People’s Bank of China (PBOC) cut the amount of cash that is must-hold for the banks to boost the lending. Though PBOC has taken some initial steps, there is forecast that commodity prices could moderate further.

The factory of the world is the ‘first-in, first-out’ nation considering the pandemic. If this logic is applicable for the markets, it will be an alarming situation for the global economies.

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