China's Economic Recovery at Risk Without Major Reforms, economists warn
-
China's economic recovery is unstable due to failure to reform the system, per Pathfinder report.
-
Lack of major reforms could lead to growth below 4% in 2023 and further weakening in 2024.
-
Structural threats like property slump, local debts, weak private sector confidence are concerns.
-
Chinese economists call for embracing reforms and market principles to avoid stagnation.
-
Hopes are rising for significant reform announcements at the upcoming party plenum.
![](https://cdn.i-scmp.com/sites/default/files/styles/og_image_scmp_generic/public/d8/images/canvas/2023/10/04/695def6c-f861-47c4-9ade-3debc45552d8_b05b2e55.jpg?itok=kgYy3LsU&v=1696412409)