China’s economy may be growing faster, but big problems remain
None is more unnerving than the threat of deflation
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”
Finance & economics October 21st 2023
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