Beijing’s Tradeoff
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Chinese GDP growth slowed sharply from 8.4% in 2021 to 3.0% in 2022. Moreover, the economy remained weak in Q4, with GDP growth softening from 3.9% q/q in Q3 to 0.0% q/q (from 3.9% y/y to 2.9% y/y). However, the deterioration in economic activity was widely…
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