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

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 7 months ago (2 children)

Lol - from the South China Morning Post sourced from the China Academy of Science. I have a hard time accepting this as anything beyond attempted good PR. I wonder how this squares with the demographic and real estate issues China is facing.

[–] [email protected] 8 points 7 months ago

CAS routinely overestimates but the World Bank routinely underestimates.

So it goes.

[–] [email protected] 6 points 7 months ago* (last edited 7 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.

[–] [email protected] 1 points 5 months ago* (last edited 5 months ago)

Hopefully, the Chinese economy in particular and the world's economy in general will grow by 2024 so everyone can play https://removed