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BusinessPolitics200 words2 min read

China's Economy Shows Signs of Deeper Slowdown

Oriental Pearl Tower in Shanghai during daytime
Photo by Hanny Naibaho on Unsplash
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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

1. What fell sharply in July, according to the article?
2. Why is the situation important globally?
3. True or False: The government in Beijing may take new measures to help the economy.

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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