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The green economy has become China’s biggest growth driver
Equipment and auto renewal and exports could pose upside surprises for the Chinese economy in 2024.
How will the Chinese economy change gear?
China needs to expand its trade with developing countries to minimise its loss in deglobalisation.
Continued weakness in the property sector could drag China’s GDP growth down to 3.9% in 2024.
The property sector, industrial production and exports will determine China’s recovery.
The negative impact of the property recessions on commodity demand could last until 2026.
China still has the means to achieve the 5% growth target.
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