Risks persist in China’s economy despite growth, analysts say
Property sector woes, youth unemployment and falling population all cited as long-term challenges
Analysts believe further fiscal and monetary measures, including interest rate cuts, will be necessary to support China’s economy, despite this week’s higher-than expected growth figures.
The National Bureau of Statistics (NBU) on January 17 released a batch of figures on the economy’s performance during 2023. GDP in the fourth quarter had risen by 5.2% year on year. This figure, which was in line with analysts’ forecasts, exceeded the 4.9% recorded during the previous quarter. It was also higher
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