Yuan Weakens After ‘Unbalanced’ Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint
Simply put, China’s economic recovery has been unbalanced. As Bloomberg reports, manufacturing is holding up, thanks to resilient overseas demand and Beijing’s efforts to cushion the blow from US trade restrictions by developing advanced technologies at home. But Chinese consumers have been slow to recover their appetite for spending, amid a prolonged real estate downturn …