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China’s economic recovery won’t deliver

By Weifeng Zhong
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China’s economic recovery won’t deliver

China’s post-lockdown recovery, after taking a tragic human toll during reopening, is spurring some optimism. Last week, the International Monetary Fund raised China’s growth forecast to 5.2%, up from its October assessment of 4.4%. Observers are hopeful that the rebound will be good news for the global economy, too.

This optimism is misplaced.

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China Communist Party Xi Jinping