China’s economy holds ‘real potential’ in 2024, think tank predicts 5.3% growth
https://www.scmp.com/economy/economic-indicators/article/3247925/chinas-economy-holds-real-potential-2024-think-tank-predicts-upbeat-53-gdp-growth?module=top_story&pgtype=homepage
13 points · 3 comments · view on lemmy.world
3 Comments
orbit@lemmy.world · 16 pts · 2y
Lol - from the South China Morning Post sourced from the China Academy of Science. I have a hard time accepting this as anything beyond attempted good PR. I wonder how this squares with the demographic and real estate issues China is facing.
naturalgasbad@lemmy.ca · 8 pts · 2y
CAS routinely overestimates but the World Bank routinely underestimates.
So it goes.
MuhammadJesusGaySex@lemmy.world · 1 pts · 2y
intelshill@lemmy.ca · 3 pts · 2y
Friendly reminder that the World Bank was projecting 4.3% GDP growth for 2023 in December 2022 and raised that to 5.2% by December 2023.
CAS was projecting 6% for 2023 in December 2022.
The final IMF estimate was 5.4% for 2023.
My estimate is that China will just barely squeak 5% GDP growth this year off of the real estate bubble having been mostly deflated already while EV and green energy exports shoot up.
herringagent@lemmy.ca · 1 pts · 2y