Dazzling economic figures used to be the best decorations for China’s five-yearly Communist Party leadership reshuffle, showcasing solidarity and development, but the upcoming 20th Party Congress will probably have to do without such adornments.
Following economic growth of just 0.4 per cent in the second quarter of the year, third-quarter growth is set to be much weaker in 2022 than in decades past – the 14.6 per cent quarterly rise seen in 1992, the 9.6 per cent in the same period in 2002, and the 7.5 per cent quarterly growth before Xi Jinping became party general secretary a decade ago.
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