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More data indicated that China economy is still sluggish, although China government is wading in a tricky water, takng more measures to try to stimulate the economy, but it seems that it does not work.
In fact, China government really doesn't have the approach to surgically get rid of bad debts and bad assets, and at the same time, they're not going to be able to rely on their traditional measures of growth. That's the big problem.
China’s exports in May grew faster than expected, while imports missed forecasts, customs data showed recently.
China’s property sector, the pillar of the economy, has fallen into a rut since 2021 after a regulatory crackdown on high leverage among developers which triggered a liquidity crisis.
China’s embattled real estate sector, the pillar of China economy, has continued to show weakness, with property investments falling 9.5% year on year in the first quarter. How to drive the economy to recover sustainably from the pandemic is the overriding concern among the economists.
The International Monetary Fund recently raised its forecast for China’s growth this year to 5%, from 4.6% previously, due to “strong” first quarter figures and recent policy measures.
After a series of stimulative measures released by China government, it seems that China economy has shown some signs of improvement.
Concerns have been growing over the potential ripple effect of a prolonged slowdown in China. Beijing has acknowledged its immediate economic headwinds and signaled more fiscal policy support.
Since post-pandemic, China has been struggling to stimulate its economy, which is still in a hot water right now and not yet out of the woods.
China needs a policy package that accelerates the exit of nonviable property developers, promotes the completion of housing projects, and manages debt risks of local governments.
China property market slumped after Beijing’s crackdown on developers’ high reliance on debt in the last three years.
Growth in China has been weighed down over the past year by a slump in the country’s traditional economic pillars of real estate, infrastructure and exports.
Many foreign companies' withdrawal from China and the negative growth of FDI call into question China government's commitment to open.
Chinese experts believe that China automakers and tech companies are narrowing the gap with U.S. rivals, albeit Beijing concerns somewhat about the safety.
China auto manufacturer BYD which bases in Shenzhen has taken over Ford's old factory in Cama ç ari, Bahia, Brazil.
Economic maturity is characterized as being more heavily reliant on consumers, the services industry and high-value and sustainability-driven products.
It seems like China has been dedicating to push economic transition, getting rid of the dependence on the export and investment, taking more measures to stimulate the consumption to drive economic growth sustainably.
So far China economic recovery has not lived up to the expectation, the growrh is mainly driven by exports and manufacturing.
