China's Economic Growth Slows as U.S. Retains Top Global Economy Status
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China's economy is slowing and is now estimated to be just two-thirds the size of the U.S. economy, down from previous years.
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China likely met the 5% annual GDP growth target in 2022, but growth is forecast to be only 4.6% in 2024.
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China has quietly abandoned its goal of surpassing the U.S. as the top global economy.
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Questions persist about the accuracy of China's official economic data published by the government.
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Tighter government control and arbitrary restrictions on economic activity are limiting China's growth potential.