( MENAFN - Jordan Times) BEIJING - Workers in China's capital voiced worries about their economic prospects recently, after Beijing posted its worst quarterly growth in over a year that it's hoping to correct with a slew of stimulus measures. The 4.6 per cent expansion in July-September is the latest evidence that the country's post-pandemic recovery continues to sputter, as it suffers from sluggish consumption and a prolonged property sector crisis.
While officials have launched a string of policies over the past two years to reignite economic activity, they have had little effect. "The economic situation is that it's very difficult to make money now," said 52-year-old coach driver Wang Youlong, who was taking a break before picking up a group of overseas tourists. "My salary is too low, and sometimes [the company] doesn't send it on time.
" There are hopes that a raft of stimulus unveiled since late last month will finally put the country back on track, but there is a worry that authorities are still not doing enough. Wang said he thought every job was "difficult" at the moment. His son had recently been forced to take a 3,000 yuan ($422) monthly pay cut, he told AFP, but still feared he might be let go in the future.
"You work today and don't know whether they'll want you to work tomorrow...
employment is a big problem," he sighed. In its announcement on Friday, the National Bureau of Statistics acknowledged a "complicated and severe external environment..
. as well as new p.
