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Xi Or Your Lyin’ Eyes?
"Overall, the recovery is tentatively sustained in a still-fragile mode."
So said SocGen's Wei Yao and Michelle Lam on Friday, voicing what I'll euphemistically call apprehension about the Chinese economy which, according to unflinching apparatchiks in Beijing, met Xi Jinping's growth goal in 2024.
Full-year growth was exactly 5% last year, the NBS claimed, crediting an especially robust final three months. In Q4, exports and stimulus together drove the briskest sequential growth in nearly two
