China's Surprising Economic Growth Defies Beijing's Predictions
TL;DR Summary
A senior economist in China has highlighted the unexpected and significant challenges facing the country's economy, including deeper-than-anticipated effects from Covid-19, rapid structural adjustments, and seismic global shifts. Despite China's better-than-expected 5.3% growth in the first quarter, the economist emphasized persistent imbalances, particularly in the property sector, and expanding economic risks amid geopolitical uncertainties. While some foreign small and medium-sized enterprises are cautiously returning to invest in China, the economist cautioned that achieving a new balance in the economy will take time.
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- Beijing 'Hits' an Economic Target - WSJ The Wall Street Journal
- China’s First Quarter Results Show Growth Propelled by Its Factories The New York Times
- China's economy grew 5.3% in the first quarter, beating expectations CNBC
- Germany says Europe is open to Chinese cars but not at any price CNN
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