As the Chinese mainland wrapped up 2023 with a robust GDP growth of 5.2%, meeting the government's ambitious 5% target, attention now shifts to 2024. Despite the strong performance last year, the economy faces several challenges as the new year unfolds.
Experts are closely monitoring key indicators to gauge the trajectory of the Chinese mainland’s economic landscape. Hong Hao, chief economist of GROW Investment Group, highlights potential sectoral shifts, while He Weiwen, senior fellow at the Center for China and Globalization, emphasizes the impact of global trade dynamics. William Lee, chief economist of the Milken Institute, provides insights into emerging market trends that could influence growth prospects.
As businesses and investors navigate these headwinds, the resilience of the Chinese mainland’s economy will be crucial in determining its standing on the global stage in 2024.
Reference(s):
cgtn.com
