China Growth Seen Rebounding in 2024 After Near-Term Slowdown
- China's GDP growth likely to pick up in 2024 as private investment and government measures take effect
- 2023 GDP growth forecast close to 5.5%, helped by higher consumer spending
- Weakness seen in 2022-2023 in real estate, global trade, stocks hurting confidence
- Trade decline shaved 0.8 pts from Q3 GDP growth
- Risks remain from global conflicts, inflation; but room for more stimulus, currency may strengthen