China's Economy Faces Decline in 2023 Amid Population Drop
TL;DR Summary
China's GDP grew by 5.2 percent in 2023, meeting the government's target, but concerns about growth momentum persist due to a property crisis, weak consumer and business confidence, and global economic slowdown. The population declined for the second consecutive year, with a record low birth rate and a surge in deaths following the lifting of zero-COVID policies. The economy faces challenges such as youth unemployment, declining property market, and geopolitical tensions, while Chinese officials are set to release the growth target for 2024 in March.
- China posts sluggish GDP growth in 2023, population declines again Al Jazeera English
- China's "shaky" economy is showing fresh signs of faltering Axios
- Did China's Economy Really Grow 5.2% in 2023? Not All Agree Bloomberg
- China is not alone in having unreliable growth data Financial Times
- China has cause for cautious optimism as economy restructures South China Morning Post
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