China's Economic Struggles Continue into 2024 Despite Government Efforts
• China's economy struggled in 2023, with manufacturing, home sales, foreign investment, and consumer spending all declining • Forecasts for 2024 growth remain cautious given ongoing weaknesses in key sectors • Government stimulus efforts so far have shown little impact in boosting demand • Visa rules relaxed in attempt to attract more foreign tourists • Businesses hoping for more concrete measures to expand domestic consumption