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Private-sector vitality is needed to revive China's economy

Summary by Ground News
A demand shortage caused by a property recession is weighing on the economy. Retail sales, which reflect consumption trends, fell 0.06% in November from the previous month. Despite the cloudy outlook for the Chinese economy, the administration of President Xi Jinping has been slow to act. The government should quickly introduce policies that tap into the vitality of the private sector.
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Nikkei broke the news in Japan on Wednesday, December 27, 2023.
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