This note explores what has happened to the Chinese economy since it exited COVID restrictions in December 2022 and what this may mean for the UK.
Introduction
The ending of restrictive COVID-19 policies and the fading away of pandemic-related health impacts propelled the Chinese economy to a rapid rebound in the first quarter of 2023. But there are signs that the recovery is faltering, with headwinds facing the property market, high youth unemployment, and weak exports threatening the recovery before it’s even begun. This note explores what has happened to the Chinese economy since it exited COVID restrictions in December 2022 and what this may mean for the