Why consumption is particularly important for the Chinese economy
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May 29
In April 2023, the International Monetary Fund (IMF) retrenched the world economic growth level of 2023 to 2.8 per cent, while at the same time increasing the inflation level of 2023 by 0.4 percentage points to 7 per cent, and considered that the volatility of the financial system caused by the Euro-American banking sector, the continuing high level of real prices and the tense geopolitical pattern would create uncertainty for global economic recovery. China’s economic recovery, one of the fe...
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