Since health restrictions were lifted towards the end of 2022, growth in activity in China has remained below its pre-pandemic trend. According to the Chinese National Bureau of Statistics, Chinese GDP would seem to have grown by 1.0% in Q4 2023 compared to the previous quarter (after +1.5% in Q3), indicating that Chinese growth was +5.2% on average across the whole of 2023, its lowest level since 1990, excluding the Covid period...