How much those efforts have been paying off remains to be seen, but some insight should come from China’s expected release of its quarterly gross domestic product (GDP) on Tuesday. And data on retail sales and property investment may offer additional clues into whether consumer confidence has shown signs of recovery.
China is aiming to keep growth at 5% in 2024. Are the odds in its favour?
China is aiming to keep growth at 5% in 2024. Are the odds in its favour?
Since last year, Beijing has stepped up measures to boost spending in the automobile, real estate and tourism industries as leadership tries to fuel an economy that has sputtered since the pandemic.
While China’s middle-class population counts education and tourism as key areas in which they would be willing to spend, job prospects have remained shrouded in uncertainty for many Chinese…