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China to post lowest GDP growth in four decades this year: IMF_我的网站

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A | Teens in the city of Prayagraj in India's Uttar Pradesh are making headlines for manufacturing crude bombs from easily available explosive materials for just INR 60 to 80 ($1.01), and hurling them at educational institutions and shops.,As many as 35 students, including 27 minors, have recently been arrested in Prayagraj after learning how to make bombs by watching viral videos on social media and putting their newly-acquired skills to practice. The adult students have been sent to jail, according to the police.,Shocked by the details that emerged during the interrogation of the students, Shailesh Kumar Pandey, Superintendent of Police in Prayagraj city, told Indian news agency IANS that the minors between 14 and 17 years of age have become experts in making a low-intensity crude bomb within minutes.,"They would take electrical tape from their houses, and purchase two low or high-intensity firecrackers from the market. Then they collect its explosive material on a piece of paper, add pieces of glass bottle and stones, and wrap it with electrical tapes," Pandey added.,During the interrogation, the cyber unit of the Prayagraj District Police found that students would coordinate the production of bombs through social media groups and share videos on how to make them at home via these groups.,Several such groups are now under scrutiny, with the authorities asking the parents of the adult students sent to jail to talk to their children.,At least 10 such groups, as well as student profiles on social media, are now being monitored by police.。 Washington, Oct 11 (UNI) The Chinese economy will post the lowest GDP growth in four decades in the current year, barring performance during the initial COVID-19 crisis in 2020, the International Monetary Fund (IMF) said on Tuesday.

"The revisions reflect the downgrade for growth in China, to 3.2 percent in 2022 (the lowest growth in more than four decades, excluding the initial COVID-19 crisis in 2020). COVID-19 outbreaks and lockdowns in multiple localities, as well as the worsening property market crisis, have held back economic activity in China, " the IMF said in its World Economic Outlook.

However, China’s growth is expected to rise to 4.4 percent in 2023, the report added.

COVID-19-related lockdowns have taken a significant toll on China’s economy, particularly in the second quarter of 2022, according to the reports. Particularly, the property sector, which represents the fifth part of the nation’s economy is rapidly weakening, it added.

"A worsening of China’s property sector crisis could spill over to the domestic banking sector and weigh heavily on the country’s growth, with negative cross-border effects," the IMF said.

UNI/SPUTNIK GNK。