China can pull through without major economic stimulus

With new growth areas emerging, reforms key to lifting outlook

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Robots assemble EVs at Leapmotor's factory in Jinhua, China: Investment in fixed assets in the automotive sector has grown at least 15% a year in recent years. (China Daily via Reuters)

Li Cui is managing director, chief economist and head of macro research at China Construction Bank International in Hong Kong.

China's soft economic recovery in recent months, following on the heels of a strong initial rebound after the end of the country's pandemic lockdown, has been largely in line with my expectations at the start of the year, and also consistent with Beijing's modest annual growth target of 5%.

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