Posted 3/2/2024, 8:00:00 AM
China Faces Economic Headwinds as Leadership Seeks to Boost Growth
- China seeks to revive slowing economy and property market as annual congress convenes
- Confidence low despite official messaging marking 75 years since founding of People's Republic
- Premier Li Qiang expected to announce 2023 growth target of around 5%
- Property market downturn and zero-COVID controls lead to economic shocks
- China faces challenges from aging workforce, global companies shifting investments, and weak domestic consumer demand