If you rely mainly on Western media, you might think China is facing a Covid civil war and economic collapse. In reality, after a tough 2022, China is moving toward recovery in 2023, amid stagnation in the US and deep recession in the Eurozone.

BATTERED by domestic challenges and disruptive external headwinds, the Chinese economy has coped with a tough year. The lockdown of Guangzhou's transportation hub, a rising number of cases in Beijing and other major cities highlight the most recent challenges.

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