China's economic growth is expected to slow down to 4.6% in 2024, according to a recent Reuters poll. This projection has sparked concern among policymakers, who are facing increasing pressure to take action in order to revive the country's growth.
The poll, conducted among 100 economists, indicates a downward trend in China's growth rate over the next few years. For comparison, China's GDP grew by 6.5% in the final quarter of 2023, showing a significant drop from the previous year's growth rate of 9%. This decline is primarily attributed to ongoing challenges such as the government's effort to reign in debt, trade tensions with the United States, and the impact of the COVID-19 pandemic.
