China's economy ended 2023 with a patchy recovery from the pandemic, but ultimately posted a slightly higher-than-expected growth rate of 5.2%. However, doubts remain about the world's second-largest economy as deflationary pressures mount and quiet rumors about what might lie ahead begin to dominate conversations among economists and policymakers.
Although the economy has shown some signs of recovery in 2023, prices have not simultaneously improved, with key economic indicators signaling continued decline, such as the Consumer Price Index (CPI), which is rising at its slowest pace in 23 years. This has helped increase deflation fears and sparked calls for more supportive policies.
You have accessed an article that is only available to subscribers
VIEW OPTIONS
Comments are closed.