Growing economic anxiety overshadows 75th anniversary of communist China
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Chinese Communist Party marked the People’s Republic of China’s 75th anniversary in a sombre ceremony as the government battled rising unemployment, economic challenges, and security threats. open image in gallery People wave Chinese flag to celebrate the 75th anniversary of China's National Day Mr Jinping, also the longest-serving chief of the communist party, addressed "potential dangers" and being "well-prepared" to overcome grave challenges, in what is believed to be a reference to the sputtering economy. open image in gallery People wave Chinese flag to celebrate the 75th anniversary of China’s National Day in Hong Kong An official measure released by the National Bureau of Statistics showed a less drastic decline but marked a fifth straight month of contraction. The move would help 50 million households and 150 million people, reducing household interest expenses by an average of about 150bn yuan a year, said People’s Bank of China governor Pan Gongsheng.
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