![]() ![]() Bloomberg said “China’s economic recovery lost momentum in the second quarter, putting Beijing’s growth target for the year at risk and adding to concerns about a slowdown in the world economy.”.Market reactions and media commentary were somewhat less enthusiastic: The numbers are not too bad, but don’t seem to have reassured the markets about the country’s post-pandemic recovery.Ĭhina’s economy showed “good momentum of recovery” in the first half of 2022, says the headline of the latest data dump ( English, Chinese) from the National Bureau of Statistics (NBS). China’s released official economic statistics for the first half of 2023. Jeremy Goldkorn, Editor-in-Chief CURRENT AFFAIRS China’s GDP grew by 6.3% in second quarter but youth unemployment hits record high Beijing, July 12, 2023, REUTERS/Thomas Peter. Our Word of the Day is: The economy showed good momentum of recovery, which is China’s Naitonal Bureau of Statistics’ translation of: 经济恢复向好 jīngjì huīfù xiàng hǎo. There has been continued speculation that Qin’s disappearance is connected to an extramarital affair. Our China Agenda for this week is out, with a rundown of the diplomatic, political, and business events for the week of July 17 to 23.Ĭhina’s Foreign Minister Qín Gāng 秦刚 Qin Gang is still missing from public view with no official explanation of his whereabouts after last week’s statement that he was ill. ![]()
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