China\u0027s economic slump is more complex and has wide\u002Dranging implications than meets the eye. Read more from David Rosenberg
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The string of misses on retail sales, purchasing managers index, gross domestic product, exports, industrial production, etc., came in despite a low base being owed to one of the longest-standing COVID-19 restrictions in the world, which was finally lifted last year. Hence, not so surprisingly, all hopes were pinned on “revenge consumer spending,” as was seen everywhere else in the world.
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