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China's 2024 Review: Economic Struggles and Political Stagnation Amid Global Challenges

share-iconSunday, December 29 comment-icon3 weeks ago 6 views
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foreignpolicyFOREIGNPOLICY
China's 2024 Review: Economic Struggles and Political Stagnation Amid Global Challenges

Credited from: FOREIGNPOLICY

  • Economic Slowdown: China experiences a significant economic slowdown, with GDP growth expected at only 4.8%, below the 5% target.
  • Electric Vehicle Surge: Chinese-made electric vehicles (EVs) dominate markets, leading to price wars that threaten profitability and market stability.
  • Military Purges: Crackdowns on corruption within the People’s Liberation Army undermine morale and efficiency, echoing fears from global conflicts.
  • Diplomatic Relations: A cautious approach defines China’s international stance amid rising tensions with the US and regional disputes but attempts to improve ties with India.
  • Political Stagnation: President Xi Jinping’s grip on power persists despite a lack of innovation and rising challenges, raising concerns about futures changes.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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