China's economic woes keep getting worse. Here's why

https://www.npr.org/2023/08/16/ [login to see] /china-economy-tao-wang-interview
After three years of strict "zero-COVID" lockdowns, analysts had expected China's economy to quickly recover this year. But recent sets of data suggest otherwise. Retail sales, industrial output and investment in July all grew at a slower-than-expected pace. In the meantime, a fall in aggregate demand has put deflationary pressure on the world's second-largest economy.