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NYT: Drought Hurts China’s Economy as Central Bank Cuts Rates

Tue August, 2022, Age: 9 months

ecord-high temperatures and a severe drought in west-central China have crippled hydropower generation and prompted the shutdown of many factories there, in the latest blow to a Chinese economy that already has stagnant consumer spending and a deeply troubled real estate market.


Back DW: Why China's economy is in trouble and what it means for you
Next CNBC: China needs to address slowing growth more aggressively, fund manager says

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