China Should Consider Limited Stimulus in 2024 to Sustain Economic Momentum
• Experts say China should consider targeted macroeconomic support in 2024 to sustain 5% annual economic growth rate • Flood of stimulus measures would be unwise due to potential side effects and limited policy scope • Reforms needed to strengthen market expectations and address weakening domestic demand • Forecast of around 4.8% GDP growth in 2024, up from 2-year average of 4.1% in 2022-23 • Suggest setting 2024 growth target at 5% to stabilize employment and confidence in 14th Five Year Plan goals