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Year ahead: China

Tough times for China’s economy limit its options to respond to U.S. actions

December 29, 2022 at 11:00 AM
China’s bleak economic outlook for early 2023 has government policymakers signaling their intent to open the country’s markets to more foreign investment and make needed economic reforms -- but handicapping Beijing’s ability to commercially retaliate against U.S. restrictions, more of which are expected next year, according to a bevy of China analysts. China’s economic situation is “very poor,” said David Dollar, a senior fellow at the Brookings Institution’s John L. Thornton China Center and former Treasury Department emissary to China;...

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