China’s economic prospects are bri • Table.Briefings

By Yu Yongding

The pessimistic forecasts for China’s economy are only partially justified. In fact, in 2023, it performed better than expected. While achieving a growth rate of five percent won’t be easy given the challenges, it is certainly feasible.

The start of 2024 has been marked by a wave of increasingly pessimistic forecasts for China’s economy. While the Chinese government remains optimistic, the International Monetary Fund projects that GDP growth will slow to 4.6 percent this year, from 5.4 percent in 2023. Meanwhile, the Chinese stock-market rout is expected to continue after share prices fell to their lowest level in five years.

China’s economic prospects are brighter than they appear

Sign up now and continue reading immediately