The World Bank forecasts China’s GDP growth at 4.9% for 2024, citing policy easing and strong exports.

The World Bank has raised its GDP growth forecast for China to 4.9% for 2024 and 4.5% for 2025, citing recent policy easing and export strength. Despite the improved outlook, challenges in the property sector and low consumer confidence continue to weigh on the economy. China plans to issue $411 billion in special treasury bonds to boost fiscal support. The World Bank recommends addressing property sector issues, strengthening social safety nets, and improving local government finances for sustained recovery.

3 months ago
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