lack of confidence in the chinese economy within china and that is, i think, a very worrisome starting point which, in a way, justifies, in my opinion, the more appealing idea of this blinken visit, even from china s side, because china needs, more than ever, foreign investment. foreign investment. alicia garcia herrero, foreign investment. alicia garcia herrero, really- foreign investment. alicia. garcia herrero, really good foreign investment. alicia - garcia herrero, really good to get your take on this trip, which is quite a significant trip. chief economist at natixis. thank you very much. well, let s stay with china because italy s government has decided that the chief executive of the tyre maker pirelli cannot be designated by its main chinese shareholder sinochem. the decision is a part of measures announced designed to protect the autonomy of pirelli. let s go to our asia business hub to get more detail. mariko oi is there
After three years of zero-covid isolation took its toll on China’s economy, a drastic pivot away from pandemic restrictions was supposed to turbocharge an economic recovery. But the country’s growth is stalling. Exports are down. Youth unemployment is up. Plunging producer prices are raising risks of deflation. Consumer inflation has all but disappeared thanks to weak demand. And global capital is flowing out of China in search of more lucrative targets.
China’s economy grew by 4.5 percent year-on-year in the first quarter of 2023, signalling that the world’s second-largest economy is firmly on the path to recovery after the.