What are the main issues facing China's economy in 2024?


Publication time:

2024/03/15

A recent innovation of the Central Economic Work Conference is the addition of "promoting stability through progress and prioritizing establishment before dismantling" to the existing principle of "seeking progress while maintaining stability," along with an increase in macroeconomic regulation. This indicates that the current economic growth still faces stability pressures and risks in risk prevention areas. Geopolitical conflicts, persistent inflationary pressures, and financial market volatility, among other factors, are compounding to create significant challenges to global economic recovery. It also suggests that the policy focus in 2024 will be adjusted.

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