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The Wall Street Journal

China’s Downturn Moderates, Although Property Woes Linger

HONG KONG—Renewed Covid-19 curbs and a worsening property downturn are dampening the outlook for China’s financial system, regardless of some modest indicators of enchancment as stimulus measures kicked in.

China launched a raft of financial information on Friday, together with figures displaying that housing price declines accelerated and shopper spending remained weak. The information wasn’t all dangerous, although. Infrastructure funding picked up extra shortly than anticipated, and China’s labor market improved.

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