Chinese Academy of Sciences expects China’s economy to grow by 5.3 per cent this year, compared to a 4.5 per cent projection by the World Bank.
  • orbit@lemmy.world
    199·
    10 months ago

    Lol - from the South China Morning Post sourced from the China Academy of Science. I have a hard time accepting this as anything beyond attempted good PR. I wonder how this squares with the demographic and real estate issues China is facing.

  • intelshill@lemmy.caOP
    94·
    10 months ago

    Friendly reminder that the World Bank was projecting 4.3% GDP growth for 2023 in December 2022 and raised that to 5.2% by December 2023.

    CAS was projecting 6% for 2023 in December 2022.

    The final IMF estimate was 5.4% for 2023.

    My estimate is that China will just barely squeak 5% GDP growth this year off of the real estate bubble having been mostly deflated already while EV and green energy exports shoot up.