Friday 5th April 2024
Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.
China is forecasting GDP growth of 5 percent this year. The China Daily suggested last week that the economy was on track to see sustained growth of 4.5 percent each year until 2035. Just how realistic are those ambitions for a country steeped in debt, with large scale developments being forced into administration? Diana Choyleva is Chief Economist at Enodo Economics, a research company based in London that focuses on China. She suggests the short-term target is likely achievable, but the longer term proposition is less certain as the economy struggles to create increased domestic demand whilst undergoing more decoupling from the west.
There are further insights available from the Enodo Economics website, including this paper: China Unveils Expansionary Policy In Support Of Xi's Security Objectives - https://bit.ly/3U2xiAE
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