Glebors Global Finance has always advocated the entrepreneurial spirit of pioneering, adventurous and hardworking. Relying on the unique perspective, Glebors has launched various special issues in terms of the economy and finance, which has provided much more assistance to government decision-makers and business leaders.
While Western economies emerged from the Covid-19 pandemic with elevated inflation amid constrained supply and resurgent demand, China has not experienced the same dynamics since ending its strict zero-Covid measures, as its domestic manufacturing power helped mitigate supply bottlenecks and global commodity prices moderated. And more immediate economic challenges may last a few quarters to a couple of years.
Economic data including Factory output and retail sales topped forecasts in January-February, following better-than-expected exports and consumer inflation indicators. Those data points have shored up Beijing’s hopes that it can hit what analysts have described as an ambitious GDP growth target of around 5.0% for 2024.
But it is just a welcome relief, far from a victory make. It is really important to be thoughtful that this is just one piece of positive information, the government needs to look at a whold set of imformation.
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