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A record-breaking cane toad has just been found in Australia. ‘Toadzilla’ weighed 2.7kg when found by a startled park ranger, six times more than the average toad. Coming just days before the Chinese New Year, this could perhaps be thought an auspicious event, given that the toad symbolises prosperity and wealth in Chinese culture. China had a dreadful 2022, with repeated lockdowns wreaking havoc with an economy that was also struggling with a debt crisis in the real estate sector and the weakening of Western investment in the country. Will the new year, which began on Sunday, bring a revival in its fortunes? The market has rallied strongly over the past three months - could this be the beginning of a sustained recovery? Or will the recovery be swiftly ‘euthanised’ by the global slowdown, just as ‘Toadzilla’ has been by the Aussie conservationists? Two of our analysts debate the outlook.
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