( ) -q-23- UNDATED (Correspondent Jeremy House) “already be past.” China’s manufacturing and consumer spending are weakening after a strong start to 2023, after anti-virus controls ended. [CutID: <Cuts> CHINA-ECONOMY-house-q-MONam.mp3 Time: 23s Title: CHINA-ECONOMY-house-q-MONam Out-cue: already be past] TAG: Correspondent Jeremy House reporting. The Yizhuan Automobile Company, which makes trash and dump trucks, says sales […]
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China struggles with weak post-COVID economic recovery
( ) -q-23- UNDATED (Correspondent Jeremy House) “already be past.”
China’s manufacturing and consumer spending are weakening after a strong start to 2023, after anti-virus controls ended.
[CutID: <Cuts> CHINA-ECONOMY-house-q-MONam.mp3
Time: 23s
Title: CHINA-ECONOMY-house-q-MONam
Out-cue: already be past]
TAG: Correspondent Jeremy House reporting. The Yizhuan Automobile Company, which makes trash and dump trucks, says sales are up only by single-digit percentages from last year’s depressed level. Retail spending is weaker than expected at a time when many consumers fret over the economic outlook and their jobs.
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VERBATIM: Automakers and other companies are struggling to rebuild sales and sending salespeople abroad to revive their export businesses following a three-year gap. China’s economic growth accelerated to 4.5% over a year earlier in the three months ending in March from the previous quarter’s 2.9%, but forecasters say the peak of that recovery might already be past.