China is emerging from nearly three years of self-imposed isolation, which has been a drag on the world’s second-largest economy. Earlier this month, Chinese officials reported 3% economic growth in 2022 – the second-lowest in at least four decades. But now that stringent COVID lockdowns have been lifted, officials say the country is back in business. Analysts, however, say it won’t be easy. Here is why. "Trust but verify" China has been trying to woo back foreign investors and businesses after nearly three years of disrupted supply chains, delayed logistics, stringent regulation on sectors ranging from consumer technology to property , and onerous lockdowns that shuttered factories. "More focus will be placed on expanding domestic demand, keeping supply chains stable, supporting the private sector, reforming the state-owned enterprises, attracting foreign investment and preventing economic and financial risks," Liu He, the country’s vice premier and one of its top economic policymakers, reassured business elite gathered at Davos in Switzerland earlier this month. Understandably, some remain skeptical. "Trust but verify," advises Nargiza Salidjanova, a China director at the research firm Rhodium Group. She says China-watchers are still waiting to see more substantial pro-business policy changes, such as giving private and foreign […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
