In the News: China's Faltering Economy; Mengniu Proposes Australian Purchase; and Chinese Policymakers Want Business Input

September 23, 2019 | BY

Vincent Chow

China's economy continues to slow as August data paint worrying picture; Chinese dairy giant Mengniu proposes to buy Australian infant formula maker; and the NDRC outlines plans to incorporate more business input in policy-making

China's economy continues to falter

China's economic slowdown is showing little sign of abating with Premier Li Keqiang saying that maintaining 6% growth will be "very difficult". In March, the government set a goal of achieving between 6% and 6.5% economic growth in 2019, but the trade war with the U.S. and structural issues in the economy are increasing the likelihood of China missing that target.

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