China’s slowdown eases, although real estate problems persist

HONG KONG—Renewed Covid-19 restrictions and a worsening real estate slowdown are clouding the outlook for China’s economy, despite some modest signs of improvement as stimulus measures take effect.

China released a slew of economic data on Friday, including figures showing the decline in house prices accelerated and consumer spending remained weak. The data wasn’t all bad, however. Infrastructure investment grew faster than expected and China’s labor market improved.


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