Wednesday, August 16, 2023

China's economic woes keep getting worse. Here's why

A person sits near a construction site of residential buildings by Chinese developer Country Garden, in Beijing, Aug. 11. Country Garden is facing major financial challenges.

China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.

(Image credit: Tingshu Wang/Reuters)

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