Could China miss its GDP growth target in 2024? :
With a potential 5% economic growth for this year to be announced at China's annual parliamentary meetings ...
dw.com/en/could-china-miss-its-gdp-growth-target-in-2024/a-68416317
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China’s 2024 Growth Goal May Prove Difficult to ReachAt the annual “two sessions,” analysts expect a 5% target, while some forecasts remain lower.
- Analysts expect a 5% target matching last year’s goal, but its announcement for 2024 remains pending.
- Official data put 2023 growth at 5.2%; international forecasts see 2024 growth at 4.5% to 4.9%.
- Experts cite property-sector debt, weak domestic demand and deflation risks as obstacles to economic stability.
- At least 15 of 31 provincial economies missed their 2023 targets; only five of 27 local governments planned higher 2024 targets.
It would symbolically signal that the Chinese economy is not that bad and the Chinese government is capable of dealing with economic challenges.— Liu Wan-Hsin, a senior researcher at Kiel Institute for the World Economy, said.
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