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China's Two-Speed Economy: Booming Exports; Slowing GDP
Published 1 month, 1 week ago
Description
China grew just 4.3% in Q2 — its weakest since 2022, even as exports surged 27% and the trade surplus hit a record. Beijing's solution to this is its first-ever five-year plan devoted entirely to consumption — but will it work where past efforts haven't? Moody's Analytics economist Sarah Tan unpacks the two-speed economy, Beijing's new consumption plan, and what it all means for Malaysia.
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