How bad are China’s economic woes?

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Discussion posted by: Arye ben-Shaoul

While economists say China’s economic data can’t always be trusted, they now have a new dilemma – there is no data. On Friday, China said it wouldn’t be setting a target for economic growth for this year. That’s unprecedented – the Chinese government hasn’t done this since it began publishing such goals in 1990. Abandoning the growth target is an acknowledgement of just how difficult a recovery in China will be in a post pandemic era. And while recent figures have shown that China is on the way out of its slowdown: it’s an uneven recovery.