The separate economic growth figures for China will be released on Tuesday during the Communist Party Conference, and given the limits put in place to fight the Kofid epidemic and the effects of the real estate crisis, it is anticipated that these numbers will be the lowest since 2020.
The official percentage of growth in the third chapter of the year is revealed with a set of economic indicators, while the party conference in Beijing is expected to be granted a third unprecedented state to President Xi at the head of the party and thus at the head of the country.
Agence France-Presse convened a group of 12 experts to discuss ways to boost the gross domestic product of the second-largest economy in the world by an average of 2.5% annually for the months of July through September.
After increasing by 4. 8% in the first chapter, growth in the preceding semester fell to just 0. 4% at an annual rate, which is the poorest performance since 2020.
Given that the IMF has again lowered its projections for GDP this year to 3.2% and for the following year to 4.4%, many experts believe that China will have difficulties reaching its objective of growth indicated by “around 5. 5%” for this year.
China’s economy slowing down as Xi Jinping prepares to run for a third term
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