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May 31, 2021 | Report
China's economic growth at present is essentially driven by export growth and real estate investment, period. Both drivers are likely to be resilient over the short term, basically ensuring that China’s Q2 GDP growth will be strong. However, both growth drivers are arguably unsustainable. Slumping consumption growth and weak manufacturing investment raise concerns about the longer-term picture.
China’s economic activity remained largely flat in May
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