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Outlook 2024: China unsure over direction to take economy in
At the Central Economic Work Conference in December 2023, a sombre assessment of China’s economic recovery overshadowed the authorities’ usual confidence. China has shown signs of recovery from the shocks of the pandemic. Progress has been achieved in technology development and important advancements made in building a modern industrial system. But President Xi Jinping acknowledged in his New Year address that difficulties must be tackled to achieve further economic recovery. The work conference was unusually candid about the challenges to China’s recovery. The main factors quoted were the lack of effective ... (full story)