For the year 2022, the International Monetary Fund revised economic growth forecast for China downwards, from 5.6% to 4.8%. The reasons for this are the continued downturn in the property sector combined with a weaker than expected recovery in private consumption.
In December 2021, China’s retail sales grew by only 1.7%, recording the worst performance since September 2020. While China’s G.D.P. grew by 8.1% last year (year-on-year evolution), this figure actually masks a continued ec
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