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China Economy Faces Bleak Few Months, Faster Rebound Next Year
China’s removal of the last of its Covid curbs will likely bring more disruption to the economy through the first quarter as infections surge, while increasing the possibility of a faster and stronger rebound in growth next year, economists said. The government’s easing of restrictions — including an announcement this week to scrap quarantine requirements for inbound travelers from Jan. 8 — has been more sudden and aggressive than most businesses and analysts had expected. While that’s injected more uncertainty into an already fragile growth outlook in coming months, economists say the faster reopening ... (full story)