China's Economy Shows Signs of Deeper Slowdown
Listen to the story
China's economy is showing new signs of trouble, according to recent data.
Both industrial output and retail sales fell sharply in July.
Industrial output measures how much factories produce.
Retail sales show how much people buy in shops.
This drop follows one of China's weakest quarterly growth rates in history.
A quarter is a three-month period used to measure economic growth.
The new numbers suggest the slowdown may be getting worse, not better.
A slowdown means the economy is growing more slowly than before.
This is putting more pressure on the Chinese government in Beijing to act.
Officials may need to introduce new measures to support economic activity.
Measures are specific plans or actions taken to solve a problem.
China is the world's second largest economy, after the United States.
Because of this, its economic health affects many other countries too.
Investors and world leaders are watching closely to see how Beijing responds.
If the slowdown continues, it could affect jobs, trade and global markets.
Many economists believe more government support will be needed soon.
For now, the exact size of the drop and the government's plans remain unclear.
Experts will be watching for updates in the coming weeks.
Vocabulary10 words
- economy
- how a country makes and uses money and goods
- industrial output
- how much factories produce
- retail sales
- the amount people spend in shops
- quarterly
- happening every three months
- slowdown
- when growth becomes slower
- pressure
- a strong need to take action
- Beijing
- the government of China
- measures
- actions taken to fix a problem
- activity
- things happening in the economy
- investors
- people who put money into businesses
Quiz
Answer key
1. Industrial output and retail sales 2. China is the world's second largest economy 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
China's _____ is showing new signs of trouble.
Both industrial output and _____ fell sharply in July.
Industrial output measures how much _____ produce.
This drop follows one of China's weakest _____ growth rates in history.
The new numbers suggest the _____ may be getting worse.
This is putting more _____ on the Chinese government in Beijing.
Officials may need to introduce new _____ to support economic activity.
China is the world's _____ largest economy, after the United States.
_____ and world leaders are watching closely.
If the slowdown continues, it could affect jobs, trade and global _____.
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