Financial TimesFinancial Times

Why China’s economic recovery is hanging in the balance

By Joe Leahy, Thomas Hale and Andy Lin

16 Jun 2023 · 4 min read

Editor's Note

Five months after declaring victory over the pandemic, China’s economy is far from returning to full health, according to new data. The FT explains why and looks at which sectors are lagging behind.

Five months after China’s president Xi Jinping declared victory over the pandemic and relaxed stringent social controls, new data this week revealed that the country’s economy was far from returning to full health.

While consumers are venturing out to spend, buyers are shunning property, one of the Chinese economy’s central growth drivers. Exports, another important engine, are flagging as high inflation abroad saps demand for Chinese goods.

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