February 18, 2024
China’s Economic Engine Sputters: Slowing Growth Raises Concerns for the Dragon
China’s once-roaring economy is showing signs of fatigue. In 2023, its GDP growth rate clocked in at 5.2%, the weakest since 1999 (excluding pandemic years). This concerning trend continues in 2024, with analysts predicting even lower growth figures. What’s causing this slowdown, and what are the potential consequences? Multiple factors are contributing to China’s economic […]