China Downturn Moderates, but Property Woes Linger

by | Sep 16, 2022 | Business

HONG KONG—Renewed Covid-19 curbs and a worsening property downturn are dampening the outlook for China’s economy, despite some modest signs of improvement as stimulus measures kicked in.China released a raft of economic data on Friday, including figures showing that housing price declines accelerated and consumer spending remained weak. The data wasn’t all bad, though. Infrastructure investment picked up more quickly than expected, and China’s labor market improved.

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