New data from China shows the country’s economy is still failing to recover from the loss of growth it has seen since the COVID-19 pandemic, according to The Wall Street Journal.
While China’s economy did grow in November in a number of key areas, it was lower than economists’ expectations and was bolstered by a comparison from last year, when the country still maintained strict COVID-19 restrictions, according to the WSJ. Retail sales, which supports the key growth factor of domestic consumption, only rose by 10.1% year-over-year compared to the 12.9% growth that was expected, and fixed-asset investment rose 2.9% from January to November, as opposed to expectations of 3%.
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