Name: China economic focus April 2023: a lacklustre recovery for industry
Brand: Wood Mackenzie
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Insight 26 April 2023

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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The industry sector and related commodity demand had a weak Q1 despite solid GDP growth. A strong industrial production rebound could be delayed to H2. Consumers’ preference for service over goods could last till May. Producers prioritise destocking over ramping up production. Exports could remain a negative factor for the industrial sector and commodity markets in 2023. External demand moved back up the supply chain, limiting the growth of the high-value-add sectors.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Highlights
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<li class="list__item-toggle font-semibold">
        Commodity demand did not experience a strong rebound
    </li>

<li class="list__item-toggle font-semibold">
        Consumers and companies reserve demand for goods
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<li class="list__item-toggle font-semibold">
        The destocking cycle delays the recovery of production
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        External demand moves back up the value chain
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        Appendix
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<p class="push-half--bottom">This report includes the following images and tables:</p>

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         <li class="list__item push-quarter--bottom">Total operated domestic flights</li><li class="list__item push-quarter--bottom">Passive stocking of the manufacturing sector</li><li class="list__item push-quarter--bottom">The pace of destocking varied across industries</li>
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            <li class="list__item push-quarter--bottom">Export growth by region, Q1 2023</li><li class="list__item push-quarter--bottom">Export growth by product, Q1 2023</li><li class="list__item push-quarter--bottom"></li><li class="list__item push-quarter--bottom">Manufacturing PMI</li><li class="list__item push-quarter--bottom">IP and retail sales</li><li class="list__item push-quarter--bottom">Trade</li><li class="list__item push-quarter--bottom">Inflation</li><li class="list__item push-quarter--bottom">Property</li><li class="list__item push-quarter--bottom">Investment</li>
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<h3 class="alpha push-half--bottom ">What's included</h3>
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<p class="font-regular" >China economic focus April 2023: a lacklustre recovery for industry</p>
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