this post was submitted on 10 Jan 2024

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China’s economy holds ‘real potential’ in 2024, think tank predicts 5.3% growth (www.scmp.com)

submitted 10 months ago by intelshill@lemmy.ca to c/worldnews@lemmy.ml

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[–] intelshill@lemmy.ca 6 points 10 months ago* (last edited 10 months ago)

Friendly reminder that the World Bank was projecting 4.3% GDP growth for 2023 in December 2022 and raised that to 5.2% by December 2023.

CAS was projecting 6% for 2023 in December 2022.

The final IMF estimate was 5.4% for 2023.

My estimate is that China will just barely squeak 5% GDP growth this year off of the real estate bubble having been mostly deflated already while EV and green energy exports shoot up.