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17th May 2022 00:00China+, Daily Monitor

We are lowering our Chinese GDP forecast, as the data for April were closer to reality than expected.

Prolonged zero-Covid restrictions risk permanent economic scarring, limiting any rebound.

China’s property sector is a separate—and over- looked—drag on activity, and set to persist.

credit financial crisis fixed asset investment fixed asset investment growth gdp growth global financial crisis government government spending implications industrial production labour local governments May mlf MLF rate mortgage October policymakers q1 q2 q3 raw materials retail sales smes

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Keywords for: Recession Now Looks Unavoidable for China, thanks to Zero-Covid

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