Download file
China faces mild recovery after pandemic
AFTER A STRONG 1st QUARTER IN WHICH CHINA RECORDED A STRONG REBOUND AFTER COVID RESTRICTIONS EASED, ECONOMIC RECOVERY ENTERS A SLOWER 2ND STAGE
GDP rebounds in 2023 to 5.5% before slowing down by 9 tenths in 2024
2023 marked by the containment of commodity and food prices and a fall in production prices
Weakness in PMIs, mainly in manufacturing
Some of the main risks to growth
SLOWDOWN IN INVESTMENT AND EXPORTS, WORSENING DEMOGRAPHICS AND LABOR PRODUCTIVITY, AND LARGER FINANCIAL IMBALANCES
Lower investment growth compared to the high levels of recent decades
Decline in working age population and labour productivity growth
Slowdown in export growth
High level of non-financial corporate debt (161% of GDP in 2022)