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
China economy is at a low ebb in the post-pandemic. The uncertain lags and magnitudes associated with the fiscal and monetary policy is having a negative impact on the economy
China’s economy grew by a better-than-expected 5.3% in the first quarter, supported by strong exports. Data for April showed consumer spending remained sluggish
What will have a much bigger effect is if China is able to raise its medium term growth forecast from currently what it is at 3.5%, if it can go up to a significantly higher number, which it can if it does the right reforms