China may have marked one of the worst years of economic growth on record, but its shorter-term data showed things might get better sooner.
China may have marked one of the worst years of economic growth on record, but its shorter-term data showed things might get better sooner than expected as the country continues to end its zero-Covid policy.
"We see markets and policymakers looking through the readings as all eyes are on the strength and sustainability of China's post-Covid recovery – reopening is happening faster and earlier, and so could recovery," Citi economists said in a Tuesday report. Quarterly and monthly economic data, however, all exceeded expectations — despite investors' growing concerns over the surge in infections seen nationwide as China rolled back some of its most stringent Covid restrictions to reopen its economy.
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