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China's property market is too big to fail, but will Beijing save it?

By Meaghan Tobin

18 Aug 2023 · 5 min read

informed Summary

  1. China's economy is struggling to hit the government's 5% growth target this year, with exports, investment, factory output, and retail sales all slowing. Consumer spending is weak and jobless numbers are high, particularly among the youth.

China's gargantuan economy has come out of three years of "zero covid" policies not with a roar, as many inside and outside the country had hoped, but with a whimper.

The economy will be lucky to hit the government's 5 percent growth target this year, analysts say, and it is a far cry from the 8 percent of a decade ago.

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