Financial TimesFinancial Times

China’s economy loses steam as concerns mount over Covid recovery

By Thomas Hale, Thomas Chan, Chan Ho-him, Joe Leahy and Xinning Liu

29 May 2023 · 3 min read

Editor's Note

China's economic recovery is failing to pick up pace, six months after the rollback of Covid restrictions. Consumer spending has fallen back on a gloomy economic outlook, The FT reports.

For Anna Li, this year has been the worst she can remember for finding a job in China — harder even than during the pandemic.

“I’ve been applying for jobs for half a year. I’m really exhausted but I’ve not received an offer yet,” the 25-year-old graduate in the country’s wealthy eastern Shandong province said, adding that even if she did land a position, salaries for office jobs were often unlivable. 

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content