China's economy is looking brighter but it's not in the clear yet
CNN
From big gains in tech stocks to robust trade data, China has had plenty of good news on the economic front this week.
The positive developments come after the world's second largest economy was battered by widespread Covid lockdowns, a sweeping crackdown on tech companies and a real estate slump. Consumer spending and factory output both shrank sharply in April, while unemployment has surged to the highest level since the initial coronavirus outbreak in early 2020.
As China takes steps to gradually reopen businesses, and authorities introduce a slew of measures to stimulate activity, there are signs that a revival may be around the corner.
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