Economists predict more stimulus as China's recovery falters.

China's economic rebound after Covid restrictions were lifted has yet to fully materialize, with weak demand for goods and high unemployment. Economists speculate that further fiscal stimulus or monetary policy easing may be necessary to achieve growth targets. China's GDP grew by 4.5% in Q1, and the government has set an economic growth target of "around 5%" for 2023. The job market remains fragile, particularly for young people, and major industrial firms' profits have plunged. Despite some momentum, sequential q/q growth is set to moderate over the rest of the year.