Reported 1 day ago
China's economy is facing significant challenges as recent indicators show falling bond yields, slowing GDP growth, and persistent consumer price deflation. While official reports claim a growth rate of 4.8% for 2024, skepticism remains, with forecasts from independent analysts like Rhodium Group suggesting growth as low as 2.4%. The government's measures to stimulate consumption have been inadequate, and structural issues, such as overinvestment and a reliance on manufacturing, continue to hinder recovery. With the yuan weakening and global trade tensions escalating, China's economic outlook remains precarious, highlighting the need for more transparent reporting to understand the true state of its economy.
Source: YAHOO