China did not have a good 2023. Official statistics released this month showed that the world’s second-largest economy—which analysts had projected would bounce back after its strict COVID-19 prevention measures were lifted in December 2022—underperformed in just about every economic indicator. For what it’s worth, GDP growth was at 5.2%, a bit higher than expected, but even that figure is widely distrusted given the country’s staggering youth unemployment, real estate crisis, disappointing stock market, and general local malaise last year. [time-brightcove not-tgx=”true”] To resuscitate the flailing economy, President Xi Jinping’s administration has introduced a slew of new init
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