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China s economic prospects are brighter than they appear

BEIJING 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 per cent this year, from 5.4 per cent in 2023. Meanwhile, the Chinese stock-market rout is expected to continue after share prices fell to

Opinion | China s economic prospects are brighter than they appear

China can expect a consumption slowdown and negligible contribution of net exports to GDP this year. To drive economic growth, investment growth must increase significantly, with quasi-deflation making it possible for the government to boost fiscal stimulus.

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