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SCMP Economy Series

What to expect from China’s economy in 2024

China’s top leaders will assemble at the central economic work conference in Beijing in December to hammer out economic goals for 2024. We look at what is in store for China’s economy.      

Updated: 11 Dec, 2023
What to expect from China’s economy in 2024
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[1]

What GDP target must China set for 2024 to double its economy by 2035?

China’s leadership will convene soon to map out next year’s economic trajectory, but analysts say hitting long-term growth targets depends on whether Beijing implement more stimulus measures.

04 Dec, 2023
With China looking to amp up economic growth in 2024 and beyond, securing new supply chains for its exports could help. Photo: AP
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[2]

China tightens the leash on vulnerable banks in domestic de-risking campaign

Preventing and resolving financial risk is expected to remain high on the agenda at a major economic conference as sweeping changes are made to rural credit systems.

04 Dec, 2023
Preventing and resolving financial risks, including at small banks and local government financing vehicles, as well as property-related vulnerabilities, are expected to be on the agenda at the central economic work conference. Photo: Bloomberg
[3]

As China looks to shore up economy, geopolitics, US rate cuts weigh on outlook

Economists generally expect that the US’ most aggressive rate-rising cycle in 40 years will end soon, and that any subsequent rate-cut cycle would lead to lower financing costs for businesses – a positive for trade flows.

08 Dec, 2023
If the US Federal Reserve cuts interest rates next year, it could reduce pressure on the yuan and result in a greater inflow of capital to China. Photo: dpa
[4]

Beyond China’s boondoggles, where will investments go when even water is a risk?

Local-level debt across China, largely from infrastructure, has seen the focus shift to more profitable projects, but economists warn this has come at the expense of people’s livelihoods.

11 Dec, 2023
Some say the speed and scale of China’s infrastructure development means that it essentially crammed about 50-60 years worth of normal construction and investments in developed countries into about 30 years. Photo: Xinhua
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