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China's economic recovery
EconomyChina Economy

Global Impact: does ‘golden week’ offer China a chance to show that its economy is back on track?

  • Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world
  • In this issue, we look at the state of play within China’s economy and at whether the wait for a recovery is finally over

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In this issue of the Global Impact newsletter, we look at the state of play within China’s economy and at whether the wait for a recovery is finally over. Photo: Xinhua
Wendy Wuin Beijing
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China’s economy has become a global concern after a worrying performance since late spring. Nevertheless, talks that China’s economy is collapsing may have been exaggerated.

Growth is slowly crawling back after a spate of policies unveiled two months ago. The rebound, however, is uneven and may be facing a bumpy road ahead.

Consumption and manufacturing picked up in August, but on the other hand, property contraction deepened and investment in the private sector is still struggling.
Senior economic officials and state media have issued stern rebukes against the doomsayers who suggest that China is in crisis mode, although authorities admit that the country is facing a number of challenges and difficulties.
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The market may see more upbeat news on consumption and travel as the nation is bracing for a peak during the “golden week” National Day holiday starting from Friday.
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