Analysis-Xi faces painful gear shift as China s investment-led growth sputters oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
American businessman Brody Shores furniture business in China grew on a model that leaned heavily on the promise of an enduring property boom and homebuyers desperate for fully furnished new apartments.
China has dialed up a mobilization push for its regional economic powerhouses to play a central part in revving up the recovery of the world s second-largest economy, injecting optimism into the economic resilience despite a gloomy and increasingly uncertain outlook globally.
Some observers say that China's dynamic clearing policy to contain the COVID-19 pandemic will hinder the country's growth this year. Indeed, the strict pandemic prevention and control measures have had a huge impact on the economy, especially on the service sector, but the regular nucleic acid testing being conducted in many cities where there are outbreaks will help more cities to gradually resume normal economic activity in the latter half of the year.