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International Business Times
International Business Times
Business

China's Economy Seen Slowing Further In 2024: AFP Survey

China's economy has been hit be weak consumer demand and a crisis in the vast property sector (Credit: AFP)

China's economic growth likely fell fractionally short of the government's five percent target last year, according to an AFP survey, as leaders head into 2025 steeling for the second presidency of Donald Trump amid fears of another painful trade standoff.

The reading would be the weakest the country has seen since 1990 -- outside of the pandemic -- as it struggles with weak domestic consumption and a protracted crisis in the once-booming property sector.

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