Finance & economics | Peak disappointment

China’s economy may be growing faster, but big problems remain

None is more unnerving than the threat of deflation

A youth looks at the skyline from the promenade on the Bund along the Huangpu River in Shanghai
Image: Getty Images
|Hong Kong

China’s emergence from its covid-19 controls was meant to be the biggest economic event of the year. Instead, the reopening has turned into one of the biggest disappointments. In a recent survey by Bank of America, fund managers in Asia expressed their “fatigue and frustration” with China’s weak growth and the lack of a concerted government response.

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This article appeared in the Finance & economics section of the print edition under the headline “Still in the mire”

From the October 21st 2023 edition

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