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China begins Year of the Dragon with weak economic momentum
The Chinese economy is stabilising but the only fireworks will come from the new year celebrations which begin on 11 February as momentum remains weak. Mission accomplished on 2023 GDP as growth stabilises: You could say it's 'mission accomplished' as data over the past month confirms that the Chinese economy beat its 2023 GDP growth target and growth certainly stabilised. But as people celebrate the Chinese New Year, sentiment seems weak. Key activity data won't be published this month, so expect a period of calm before the much anticipated annual parliamentary gathering, the Two Sessions, in early March. China’s ... (full story)