China's Economic Recovery to Moderately Benefit Pakistan in 2023, But Risks Remain
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China's economy has recovered modestly after lifting COVID restrictions, growing 5.4% in 2023. This benefits countries like Pakistan reliant on China.
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China will boost fiscal spending and bank liquidity in 2024 to support continued recovery and address weaknesses.
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Focus areas include technological innovation, domestic demand, financial stability, industrial upgrades.
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If China's economy falters, it would negatively impact Asia and beyond, including Pakistan.
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Pakistan should encourage more Chinese joint ventures in export industries to boost trade and jobs.