2024: China's Q1 GDP up 5.3%, investment up 4% YoY, but concerns over consumer, investor, and entrepreneur confidence.
China's economic recovery in the first 5 months of 2024 shows improvements in key areas of consumption, investment, and exports, but concerns remain over consumer, investor, and entrepreneur confidence. Overall investment grew 4% YoY, with real estate investment declining 10.1%. GDP increased by 5.3% in Q1 2024. China's global economic significance includes a 10% share of world trade and 18% of GDP, with a focus on state-driven investment, supply-side stimulus, and green manufacturing.
June 25, 2024
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