China’s recovery is set to be ‘slow and bumpy’ in 2024

January 18,2024

China looks all but certain to hit its growth goal of about 5% for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to build momentum this year.

Data due on Wednesday will likely show China’s gross domestic product expanded 5.2% for the entirety of last year, even as the economy probably lost some steam in the fourth quarter.