C hina’s post-covid recovery was supposed to be world-shaking. Instead, it looks merely shaky. After the initial release of pent-up demand, economic data for April fell short of expectations. In response China’s stocks faltered, yields on government bonds fell and the currency declined. The country’s trade-weighted exchange rate is now as weak as it was in November, when officials were locking down cities.
C Hina的兴建后恢复本来应该是震惊的。相反，它看起来只是摇摇欲坠。在最初释放被压抑的需求之后，四月的经济数据没有预期。作为回应，中国的股票动摇了，政府债券的收益下降，货币下降。该国的贸易加权汇率现在与11月官员锁定城市一样薄弱。
