China’s leadership will convene soon to map out next year’s economic trajectory, but analysts say hitting long-term growth targets depends on whether Beijing implement more stimulus measures.
Preventing and resolving financial risk is expected to remain high on the agenda at a major economic conference as sweeping changes are made to rural credit systems.
Economists generally expect that the US’ most aggressive rate-rising cycle in 40 years will end soon, and that any subsequent rate-cut cycle would lead to lower financing costs for businesses – a positive for trade flows.
Local-level debt across China, largely from infrastructure, has seen the focus shift to more profitable projects, but economists warn this has come at the expense of people’s livelihoods.
The country’s leadership faces daunting tasks as China emerges into a post-pandemic world.
