Chinese Economy Still Struggling, Latest Data Shows

The Chinese economy's still on shaky footing. At this point -- which is to say more than two years on from the Shanghai lockdowns and 18 months after Xi Jinping abandoned "COVID zero" for good -- I'm not sure it makes sense to talk about a "delayed recovery." China's "reopening bounce" was rescheduled so many times that most macro watchers (including this one) gave up on it. There was no bounce to speak of, and it's clear by now that China's domestic demand problem is endemic. Xi Jinping's re