China’s Economy Grew More Than Expected Over the Summer

China’s Economy Grew More Than Expected Over the Summer

The government spent heavily on infrastructure, state-owned banks financed a boom in factory construction and consumers spent more, but the housing sector stumbled.
In China Businesses Cut Prices as Consumers Spend Less

In China Businesses Cut Prices as Consumers Spend Less

Beijing hopes spending can spur growth, which has been dragged down by slowing real estate sales and exports. But shoppers are gravitating to discounts.