People walk past a bull sculpture in front of the Shenzhen Stock Exchange building in Shenzhen, China. Stock markets in China are trading new five-year lows as the stalled economic recovery worries investors. (Photo: Bloomberg)
BEIJING – China’s economy grew by 5.2% in 2023, slightly more than the official target, but the recovery was far shakier than many analysts and investors expected, with a deepening property crisis, mounting deflationary risks and tepid demand casting a pall over the outlook for this year.
Expectations that the world’s second-largest economy would stage a strong post-Covid bounce quickly…
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