Ominous signs that China's economic recovery may be slowing from an initial surge fueled by pent-up demand among consumers has analysts and bankers alike pondering whether continued loose monetary policy can underpin the revival, as a rise in risk aversion leads people to save more and shy away from borrowing. China's gross domestic product (GDP) grew by just 3% in 2022 amid lengthy pandemic-related lockdowns, but accelerated to 4.5% in the first quarter, the fastest pace in a year. The official target for this year is around 5%.

https://www.caixinglobal.com/2023-06-05/cover-story-chinas-consumers-are-flush-with-cash-so-why-does-the-recovery-have-the-wobbles-102061910.html

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