{"id":13883,"date":"2025-01-17T01:58:44","date_gmt":"2025-01-17T01:58:44","guid":{"rendered":"https:\/\/infundpros.com\/?p=13883"},"modified":"2025-01-17T01:58:44","modified_gmt":"2025-01-17T01:58:44","slug":"china-economy-live-2024-gdp-forecast-to-hit-around-5-target","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=13883","title":{"rendered":"China economy live: 2024 GDP forecast to hit \u2018around 5%\u2019 target"},"content":{"rendered":"
\n

China\u2019s economic growth has slowed since 2020, when the coronavirus pandemic, a government crackdown on the private sector and high debt levels at property developers brought full-year growth to 2.2 per cent, its weakest since 1976.<\/p>\n

There was some reprieve in 2021 with a growth rate of 8.4 per cent. Some of this was due to the low base in 2021, but exports also surged as the country largely recovered from an initial wave of Covid-19 outbreaks while the rest of the world remained in lockdowns.<\/p>\n

In 2022, China\u2019s economy grew just 3 per cent as Covid outbreaks returned to the country, underscoring the heavy costs of the government\u2019s zero-Covid policy.<\/p>\n

The economy grew 5.2 per cent in 2023. Although it surpassed Beijing\u2019s goal of 5 per cent, the target was the lowest in decades and confirmed that China\u2019s period of rapid growth had stalled.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s economic growth has slowed since 2020, when the coronavirus pandemic, a government crackdown on the private sector and high debt levels…<\/p>\n","protected":false},"author":1,"featured_media":13884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-13883","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nChina economy live: 2024 GDP forecast to hit \u2018around 5%\u2019 target | inFundPros<\/title>\n<meta name=\"description\" content=\"China\u2019s economic growth has slowed since 2020, when the coronavirus pandemic, a government crackdown on the private sector and high debt levels at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=13883\" 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