China Forecast for Steady Growth in 2024 Despite Economic Challenges
• China's economy projected to grow 4.7% in 2024, outpacing most Western economies
• China facing some structural and cyclical economic challenges like overinvestment and real estate issues
• Chinese authorities can use policy tools to counter downturns more aggressively than Western counterparts
• Reasons for optimism in China, like peak protectionism and rebounding tourism
• China has means to get economy back on rapid growth path with low unemployment and upward mobility