BBCNEWS World Business Report June 4, 2024 04:37:00
The statement that came out of this meeting, one thing jumps out immediately, which is the tone. it seems more pessimistic than statements that came out of similar meetings in the past. it describes china's post—pandemic recovery as a tortuous process. it uses negative words such as risks a lot more than statements in the past. the other thing is the long list of promises. it promises to boost consumption and incomes at a time when the chinese consumer is a lot more cautious than expected. it promises to prioritise employment at a time when youth unemployment in china is at record highs.— ...