China economy slows as power cuts, property woes and Covid take toll
GuardianAUG 2021
Premier Li Qiang Announces 5.2% GDP Growth for China in 2023
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The Spin
Pro-China narrative
Despite uncertain international economic conditions, the Chinese economy has once again defied expectations and surpassed the government's GDP target in 2023. PRC government policies continue to lead China out of the depths of the COVID pandemic and, despite a lagging real estate sector, 2024 looks set to be another solid year for economic advancement.
Anti-China narrative
With 2023 seeing some of China's weakest economic growth in over three decades alongside a second consecutive year of population decline, there is much to worry about in Beijing. Following China's working population specifically seeing a decline of over 10M last year, China's GDP will almost certainly see a further decline in 2024 as the world's second-largest economy continues to grapple with a plethora of domestic dangers