has secured a timely economic bounce after hastily discarding his zero-COVID policy late last year amid intense scrutiny.
Employees work on aluminum products at a factory in Huaibei, in China's eastern Anhui province, on January 30, 2023. China's economy is picking up after Xi ditched his strict zero-COVID policy.While retail has performed above market expectations, there remains little relief for China's property sector, a crisis that awaits further remedies from policymakers in Beijing. Observers are optimistic, however, that commercial activity can hit pre-pandemic levels by the middle of the year.
Market demand for the manufacturing industry has increased, she said, while non-manufacturing PMI—sectors such as transportation, retail and catering—also hit a positive 54.4 and"all showed signs of recovery." "I believe we will see a strong rebound in the first half of this year, but growth momentum will weaken significantly in the second half," said economic analyst Houze Song, a research fellow at the Paulson Institute's MarcoPolo think tank and author of its"As such, while I am bullish about the near term, I am cautious about the whole year's outlook," he told.
People walk on the Bund promenade along the Huangpu River in Huangpu district of Shanghai on January 16, 2023. It is hoped"revenge spending" by people now out of lockdown will lift China's economy.last week that Xi has"enormous problems" at home because a faltering economy, China's foreign ministry called the"extremely irresponsible" and lacking in"basic diplomatic etiquette.
Can Xi cover up 10 pots with only two lids ?
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