China's Economic Struggles and Prospects Revealed at Two Sessions
China's Economic Struggles Revealed
Buried in a report on China's upcoming Two Session in the Global Times, a Chinese Communist Party tabloid paper is this little truth bomb: China, while sustaining a good economic recovery momentum, still faces a bunch of downward pressures ranging from insufficient demand, weakening social expectation, and property downturn that could weigh on economic development prospects this year. Everything else in the report is glowing, but that sentence highlights the main, huge, issues facing the economy and attempts at boosting it.
Main Points:
- Insufficient demand
- Weakening social expectations
- Property downturn
More here: China’s two sessions to flesh out economic roadmap. I posted on the Two Session earlier, Chinese media headline: 'China’s top advisory body signals economy is its No 1 priority,' and China's Two Sessions 2024: Economic Strategy awaited. As a ps, if you like Chinese stocks, this week is a good one to buy. Markets in China will be propped up this week to avoid embarrassing the jawboning politicians.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.