Can China’s economic growth recover in 2023?

China has stunned the world by making a sharp U-turn and replacing its draconian ‘Zero-Tolerance’ COVID policy, implemented since 2020, with a ‘Zero-Control’ policy announced just before the New Year 2023. One wonders how and why such a total change of heart by China’s leadership was possible. The answer seems to be: ‘It’s the economy, stupid!’, citing James Carville (or Donald Trump decades later).