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		<title>Share market lower on weak leads</title>
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		<description><![CDATA[Share market lower on weak leads The market is likely to have been looking for an even more challenging start to the quarter, as a weak market perception about China&#8217;s growth could be weighing on stocks. China&#8217;s growth will suffer if its new government puts in place some of the policies that many investors in [&#8230;]]]></description>
				<content:encoded><![CDATA[<p>Share market lower on weak leads</p>
<p>The market is likely to have been looking for an even more challenging start to the quarter, as a weak market perception about China&#8217;s growth could be weighing on stocks.</p>
<p>China&#8217;s growth will suffer if its new government puts in place some of the policies that many investors in China and the international community expect, said Anjali <a href="https://www.jarvees.com/" title="jarvees.com">jarvees.com</a>Rao, Asia-Pacific economics at the Singapore-based investment bank PwC.</p>
<p>&#8220;The outlook for the Chinese growth is still somewhat weak, despite President Xi&#8217;s pledge that it will pick up over the next five years,&#8221; she said.</p>
<p>Rao said that with China&#8217;s economy expected to grow at about 7% over the next five years, and with its stock market&#8217;s share falling, the outlook in the rest of the world is grim.</p>
<p>If the Chinese economy were to grow at 7% and its stock market were to fall by 10%, &#8220;the world would face a worse situation because people would have less capital and there would be less people to help them with their daily expenses&#8221;, said Rao. &#8220;This would probably give people a greater motivation to sell their stocks.&#8221;</p>
<p>In its quarterly Economic Survey, a measure of economic growth, China&#8217;s economy shrank 3.1% in real terms in May from a year earlier, driven by<a href="https://www.jarvees.com/" title="바카라">바카라</a> a 3% slowing in manufacturing and an 11.2% shrinkage in construction. It is China&#8217;s weakest performing economy since 2009.</p>
<p>&#8220;The outlook for Chinese growth is weak and it needs to catch up with a recovery of growth, which may take several more quarters,&#8221; said Andrew Pescatore, senior economist at the Bank of England&#8217;s MERS Centre for China.</p>
<p>China&#8217;s stock market is also likely to be weaker, while many of the country&#8217;s companies are struggling with high investment costs and poor profitability due to the gover<a href="https://www.jarvees.com/" title="바카라">바카라</a>nment&#8217;s aggressive policies to reform the economy.</p>
<p>&#8220;It&#8217;s the only hope for China&#8217;s economic recovery to happen because of how badly the market is looking for more growth in the next quarter,&#8221; said Rao.</p>
<p>A weak China is also contributing to weaker global economic growth.</p>
<p>Weak global growth is also likely to be an issue, particularly when accounting for the expected slowdown in China&#8217;s economy, and when considering the recent decision to reduce government spending.</p>
<p>This would give Beijing more breathing space to get more out of China&#8217;s economic policy, which remains a top priority for the central government to push through through, according to Patel.</p>
<p>At the same time, a weaker globa</p>
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