Beijing’s recent pivot from its stringent zero-Covid strategy — which had long choked businesses — is expected to inject vitality into the world’s second-largest economy next year. Covid lockdowns and border curbs have left China out of sync with the rest of the world, disrupting supply chains and damaging the flow of trade and investment.
5% contraction in the first quarter, but 5% growth overall for 2023. Property market China’s haphazard reopening isn’t the only factor dragging on the economy. In 2023, experts will continue to watch how policymakers attempt to fix the country’s ailing real estate sector, which accounts for nearly 30% of its GDP.
Yet all major countries are imposing restrictions / precautions on anyone flying in from China 🤷🏼♂️🤦🏻♂️🤔
China has been foolishly in trying to eliminate covid-19 when US and the world treated covid-19 as endemic therefore an impossible task as it take one infected person to enter China and all efforts wasted.
60 million units of housing for a population that doesn’t exist. Undercounted census by 100 million. Little emperor’s syndrome. So much more to add.
Literally the majority of this article is spent discussing the impending economic decline.
The economy will see a massive boom I guess
After they released the CHINESE WUHAN VIRUS FRIM BIO WEAPONS LAB IN WUHAN CHINA on the world they should be removed from all world organizations and shunned until they prove they can be trusted
Anecdotally a lot of friends there were waiting to travel until the quarantine restrictions were released. Could see pent up travel demand as we saw when other parts of the world reopened.
Sane countries should have cut, at the end of the Cold War, all their ties with China. If China does not reinvent communism soon, we will all wish to die quickly into the hands of some viruses, terrorists, cops or tornados. With its dumping, China may soon steal our good jobs.
Unless they unleash another round of deadly covid waves again.....
Covid rates are going up in China
Sucking up to your China bosses CNN?
Almost everyone I know is calling for a recession in 2023