CHINA-ECONOMY: IMPACT OF SLOWDOWN ON PROVINCES

 China's economic slowdown has particularly adversely affected China's industrial northeastern provinces namely Jilin, Heilongjiang, Liaoning and Shanxi. All four reported the lowest economic growth of all Chinese provinces for the first quarter of 2016. Liaoning, was badly hit with the economy shrinking by 1.3 per cent compared to the first quarter of the previous year, placing the province at the bottom of the ladder. It was the first time in seven years that a Chinese province experienced negative growth.


(Comment: China’s north-eastern provinces are dominated by state-run heavy industrial operations and by the mining industry, all of which would be hit especially hard by proposed job cuts in the steel and coal industries.)
 






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