China He affirmed this Wednesday that the recovery after the pandemic will be “devious”, but assured that the criticisms of the media and Western politicians are exaggerated and that time will show that “You are wrong”.
A Chinese government spokesman made the remarks after a series of recently released indicators stoked fears about the recovery of the Chinese economy and US President Joe Biden said that the country’s growing problems constitute a “time bomb”.
“The Chinese economic recovery is going to register waves and it will be a tortuous process that will inevitably face difficulties and problemsWang Wenbin, a spokesman for China’s foreign ministry, said Wednesday.
“Some Western politicians and media have exaggerated the periodic problems of the post-pandemic recovery process, but they will be proven wrong over time”, he added.
The latest indicators released indicate that China may struggle to meet its 5% growth target this year, as expansion between the first and second quarters was 0.8%.
Other indicators such as retail sales also showed signs of weakness and unemployment in the 16-24 age group hit a record 20%.
Source: AFP
Source: Gestion
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