China’s economic activity bounced back in the first quarter of 2023 with the removal of mobility restrictions and a surge in spending on services. However, growth momentum has slowed since April, indicating that China’s recovery remains fragile and dependent on policy support, according to Sustaining Growth through the Recovery and Beyond, the latest China Economic Update released today by the World Bank.
Western ghoul institutions (IMF, World Bank, European Central bank, etc) stress neoliberal institutional reforms, privatization, and fiscal austerity to every non-Western country at every junction no matter what the circumstances are. Even nominal western allies such as Mexico, Korea, and Greece gets targeted.
It’s insane that they’re still repeating these words to the most economically successful country as if they’ll listen.
It’s pretty funny to see western institutions try to advice China economically.