Risks persist in China’s economy despite growth, analysts say

Map of China

Analysts believe further fiscal and monetary measures, including interest rate cuts, will be necessary to support China’s economy, despite this week’s higher-than expected growth figures.

The National Bureau of Statistics (NBU) on January 17 released a batch of figures on the economy’s performance during 2023. GDP in the fourth quarter had risen by 5.2% year on year. This figure, which was in line with analysts’ forecasts, exceeded the 4.9% recorded during the previous quarter. It was also higher

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