Acknowledging missing jobs and struggling businesses, Chinese leader Xi Jinping warned of more economic challenges in the year ahead—speaking about a wave of economic: “winds and rains.”
The remarks followed new data from Beijing, showing fresh signs of China’s economic trouble.
The country’s factory activity hit a six-month low in December, owing to limited orders both at home and abroad.
The economy was a major concern for China this year with issues ranging from a property downturn to rising unemployment and mounting local debts.