Slowdown in the Chinese Economy

「In the electronic components industry to which our Group belongs, inventory adjustments for consumer and industrial equipment, caused in part by China's economic stagnation, have been prolonged, and a marked recovery in demand is not expected until the following fiscal year or later.」

「During the nine-month period ended this third quarter, the global economy remained under conditions of uncertainty due to China's economic stagnation, fluctuations in resource prices and rising geopolitical risks.」

「During the six-month period ended this second quarter, the global economy remained unstable due to prolonged inflation mainly in Europe and the United States and persistently high resource prices. In China, the economic slowdown became increasingly pronounced, including a worsening property-market downturn, and both domestic and external demand remained sluggish.」

「In addition to sluggish global private consumption caused by stagnation in the Chinese economy and inflation in Europe and the United States, high prices for goods and energy and sharp exchange-rate fluctuations have become risk factors.」

「In the electronic components industry to which our Group belongs, unstable conditions have continued, including inventory adjustments caused by stagnation in the Chinese economy. In particular, demand for components used in consumer electronics, including smartphones, fell sharply from year-end onward.」

「In the electronic components industry to which our Group belongs, the outlook remains difficult, as production stoppages and inventory adjustments caused by the decline in private consumption in China and supply-chain disruptions have occurred intermittently.」

「Overseas markets have been mixed on the reopening of economic activity, with renewed outbreaks and the emergence of variants reported mainly in Europe and the United States. In China, however, conditions have clearly improved as economic activity resumed relatively early.」

「Meanwhile, the slowdown in the Chinese economy has become pronounced, while the impact of Brexit in the euro area requires close monitoring.」

「Despite concerns over the slowdown in the Chinese economy and intensifying US-China trade friction, overseas markets overall remained generally firm.」

「The global economy is generally on a growth trend, but economic, political and geopolitical risks remain latent or have emerged in some regions, leaving the business environment surrounding our Group highly unstable.」

「The Chinese economy has shown signs of slowing partly because the government began restraining investment to control excessive acceleration in economic activity, but private consumption has continued to remain strong.」

「In the Chinese economy, a significant recovery has been observed as the effects of policies prioritising stable growth have expanded investment in infrastructure and real-estate development.」

「The Chinese economy had been slowing through the second quarter, but since then, increased public investment, improvements in automobile and housing sales, and a recovery in imports and exports have been observed.」

「In the Chinese economy, the pace of the economic slowdown has paused due to increased public investment and improvements in automobile and housing sales. However, negative factors, including a lower tax reduction rate under the small-car tax incentive and higher required down-payment ratios for housing loans, have emerged, making a clear transition to a recovery trend difficult for now.」

「In the Chinese economy, the trend of slowing private investment and the deterioration in private consumption caused by employment conditions remain unchanged. Imports and exports are also sluggish, and there are still no signs of recovery.」

「In the Chinese economy, the slowdown in private investment has continued, and the deterioration in employment conditions has also become pronounced. There are still no signs of recovery.」

「In the Chinese economy, the slowdown has become particularly pronounced in terms of private consumption and private investment, and there is no clear prospect of improvement.」