February 9, 2024

China Economic Update – February 2024

Tougher target: China faces a more challenging outlook in 2024

China exceeded its growth target in 2023, albeit only narrowly, with growth boosted by positive base effects following the end of economically restrictive COVID-19 policies. The lack of these base effects combined with various headwinds to growth in 2024 will make an expected unchanged target much more difficult to achieve – indeed we expect China to miss this mark this year.

For further details, please see the China Economic Update (February 2024)