{"id":12341,"date":"2023-05-18T06:30:25","date_gmt":"2023-05-18T06:30:25","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=12341"},"modified":"2023-05-20T09:02:23","modified_gmt":"2023-05-20T09:02:23","slug":"is-chinas-economy-recovering-as-quickly-as-expected","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/is-chinas-economy-recovering-as-quickly-as-expected\/","title":{"rendered":"Is China\u2019s economy recovering as quickly as expected?"},"content":{"rendered":"

Two of China\u2019s growth drivers \u2013 exports and domestic demand \u2013 appear to be underperforming, putting pressure on policymakers to ensure that China\u2019s post-Covid economic recovery goes to plan<\/h2>\n

Several recent Reuters analyses, including from CBBC\u2019s former policy analyst Joe Cash, suggest that China\u2019s economy has lost some momentum at the start of the second quarter of 2023.<\/p>\n

Economic figures for April, while often reaching double figures, fell below the estimates of economists polled by Reuters. Industrial output grew 5.6% year-on-year, below an estimated 10.9%, although exports exceeded expectations by 0.5%, growing by 8%. Retail sales, used as a gauge of consumption, grew 18.4% year-on-year, falling short of a predicted 21%.<\/p>\n

It should be noted that these figures are skewed by the negative impact<\/a> of anti-Covid lockdowns in April last year.<\/p>\n