China's Economic Recovery: A Fragile Outlook

This chapter analyzes China's economic recovery following the end of strict zero-Covid restrictions, noting an initial rebound in GDP and housing sales that show signs of slowing. It highlights government measures such as interest rate cuts and tax breaks aimed at stimulating spending amidst concerns of stagnation, especially in the housing market. The discussion also touches on the potential implications for global inflation, revealing a softer impact than previously anticipated.