Despite multiple challenges, China’s economic expansion remained strong, at 4. 8% in the first three quarters of the year. But the expansion has moderated since the second quarter of 2024, weighed down by sluggish domestic demand and a prolonged slowdown in the real estate sector. The government has implemented stimulus measures aimed at balancing short-term domestic needs with long-term monetary stability goals. To complement those stimulus measures, China’s latest economic update “Reviving Demand, Regaining Momentum” suggests structural reforms to revitalize the expansion.
Press Release: Unlocking Domestic Demand Key to Reigniting China’s Growth Momentum – World Bank Economic Update
Download the report: Reviving demand, regaining momentum
Website: World Bank in China
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