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.