Beijing refuses to admit its economy has broken down — and that's one reason officials are failing at fixing it, researchers say

• China's economy has struggled to regain post-pandemic traction.
• Stock markets have crashed since their peaks in 2021, underscoring a loss in investor confidence.
• But Beijing hasn't conceded its economy is in trouble, which could be holding it back from fixing structural issues, says the Rhodium Group.

China's economy can be tricky to read.

While the stock markets have tanked, with losses widening earlier this week to some $7 trillion from their peaks in 2021, economic statistics are not all uniformly gloomy.