Xi Jinping says Chinese business having ‘tough time’ in new year message
Recovery of world’s second-biggest economy held back by severe property slump and lacklustre global demand
China’s president, Xi Jinping, acknowledged in his new year’s message that “some enterprises had a tough time” in 2023 as data showed a weakening of factory production deepened this month, but he vowed to step up the pace of the economy’s recovery.
Speaking on TV, Xi said: “Along the way, we are bound to encounter headwinds. Some enterprises had a tough time. Some people had difficulty finding jobs and meeting basic needs.”
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