The outlook for the world’s second-largest economy has darkened in recent months following a worsening in the property market and a shock electricity shortage that forced factories to curb output or shut down completely. Beijing has steadily tightened restrictions on the property market in a bid to curb financial risks, causing a slump in construction and exacerbating a liquidity crisis at developer China Evergrande Group, resulting in a broader spillover in the industry and Factories were forced to halt production because of electricity shortages during the second half of September, causing the purchasing managers index to slump below 50 for the first time since the pandemic started last year, a sign of contraction in manufacturing. Is Chinese economy Strained ?

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