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China Economic Outlook: Preparing for Extended Slow Growth

share-iconWednesday, January 01 comment-icon3 weeks ago 6 views
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scmpSCMP
China Economic Outlook: Preparing for Extended Slow Growth

Credited from: SCMP

  • In 2024, many Chinese citizens are coming to terms with the prospect of **extended slow economic growth** despite projected growth rates around **5 percent**.
  • The **10-year government bond yield** has dropped below **2 percent**, indicating investor concerns about the economy's stability.
  • Structural issues like a **shrinking population** and **housing oversupply** have led businesses to scale back or shut down.
  • Officials are reconsidering economic policies and recognizing the need for a **shift towards social welfare** rather than just economic growth.
  • There’s a realization within Beijing that **large-scale stimulus measures** may not effectively spur rapid recovery, with future growth expectations adjusted to low single digits.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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