China's Patchy Economic Recovery: The End of the Growth Story
TL;DR Summary
China's 2023 GDP grew by 5.2%, slightly exceeding the official target, but the economic recovery was unsteady due to a deepening property crisis, deflationary risks, and weak demand. Despite government support measures, December indicators revealed slowing retail sales, tepid investment, and a grim property market. Analysts anticipate more policy easing as challenges persist, with expectations for a similar growth target in 2024. Concerns also arise from a declining population and youth joblessness, indicating a bumpy road ahead for China's economy.
- China's 2023 GDP shows patchy economic recovery, raises case for stimulus Reuters
- China GDP Grows 5.2% in 2023, Hitting Government Target Bloomberg Television
- China misses fourth-quarter GDP estimates, resumes posting youth unemployment data CNBC
- Why China will sink deeper into economic doom Washington Examiner
- Why the China growth story is over Daily Maverick
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