The International Monetary Fund (IMF) has projected a slowdown in China's economic growth, with the country's Gross Domestic Product (GDP) expected to reach 4.6% in 2024. Moreover, the IMF warns that this trend of decline is likely to continue in the medium term.
China, which has been a global economic powerhouse for the past few decades, has experienced rapid growth in its economy. However, various factors, including a shifting demographic landscape and mounting debt levels, have raised concerns about the sustainability of this growth.
