The Chinese mainland's economy is set to experience substantial growth in the coming year. According to the ASEAN+3 Regional Economic Outlook 2024, published by the ASEAN+3 Macroeconomic Research Office (AMRO) on Monday, the Chinese mainland's GDP growth is expected to reach 5.3 percent in 2024.
AMRO staff have updated their forecast, now predicting the ASEAN+3 economies to grow at 4.5 percent this year, up from 4.3 percent in 2023. This optimistic outlook indicates potential strength in the region's economic recovery and resilience amidst global challenges.
These growth estimates highlight the Chinese mainland's pivotal role within the ASEAN+3 framework, offering promising prospects for businesses and investors alike.
Reference(s):
cgtn.com
