China's Economy on Track to Meet 2023 Target, But Bumpy Road Ahead in 2024
• China's economic growth expected to hit 2023 target of 5%, but recovery in 2024 likely to be slow and uneven
• Deflation risks, housing crisis, consumer caution threaten to derail momentum
• Export stabilization provides some positive signs, but domestic demand recovery seen as bumpy
• Additional fiscal stimulus and monetary policy easing expected to provide some support
• Economists forecast 2024 GDP growth around 4.5-5%, dependent on government willingness to boost fiscal spending