The failure to revive confidence more broadly risks leading to economic pain that could blow back on Communist Party leaders. Last year saw a wave of mortgage boycotts and unprecedented protests against Xi himself as residents got fed up with the world’s strictest Covid-19 restrictions.
Chinese authorities remain sensitive about the narrative over the economy, instructing analysts to avoid discussing deflation and restricting access to key data. China on Tuesday suspended publishing data on its soaring youth unemployment rate to iron out complexities in the numbers, fanning fears about transparency.
未能更广泛地恢复信心可能会导致经济痛苦，从而可能对共产党领导人造成打击。 去年，由于居民厌倦了世界上最严格的 Covid-19 限制，出现了一波抵押贷款抵制浪潮和针对习近平本人的前所未有的抗议活动。
中国人对有关经济的叙述仍然敏感，指示分析师避免讨论通货紧缩并限制接触关键数据权威机构。 中国周二暂停公布其飙升的青年失业率数据，以消除数据的复杂性，引发人们对透明度的担忧。