Posted 2/5/2024, 3:00:10 PM
China Faces Possibility of 3-4% New Normal Growth Without Reform
- China's economic growth could slow to 3-4% in coming years without structural reforms, warns Rhodium Group report
- Recovery from pandemic was uneven; facing weak domestic demand and export controls on some sectors
- Policymakers failed to address real structural economic problems requiring reforms
- Property sector expected to stabilize this year after massive slump, providing modest boost
- Slower 3-4% growth may be new normal unless Beijing acknowledges and addresses structural issues
