When China falters, the entire planet suffers. Due to its status as the world's second largest economy - since 2010 - and the world's factory, the Middle Kingdom influences many countries. In the lead, the large producers of raw materials. The slowdown caused by the Covid pandemic, transformed into a structural slowdown under the effect of the real estate crisis and the demographic breakdown, is weighing on the global economy.
The authorities in Beijing affirmed this at the beginning of March during the National People's Congress, the annual high mass: they are still clinging to the objective of 5% growth for 2024. A target considered too optimistic by many economists, even though the reality of the figures is open to question. The IMF expects around 4% over the next three years. Its general director, Kristalina Georgieva, even urged the authorities, from Beijing on March 24, to carry out
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market-friendly reforms
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to revive growth. The rating agency…
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