logo

This website uses cookies to ensure you get the best experience on our website.

Read through the Privacy Policy to understand better

 Go Back

Chinese leaders consider next steps for economy as debt and deflation cloud outlook for coming year

By ELAINE KURTENBACH - Dec 12, 2023, 08:39 AM ET
Last Updated - Dec 21, 2023, 11:54 AM EST
china_economy
A Xinhua report said China was contending with slack demand, excess industrial capacity, weak consumer confidence and “certain risks and hidden problems."

State media say Chinese leaders have wrapped up a two-day annual meeting to set economic priorities for the coming year

BANGKOK (AP) — Chinese leaders have wrapped up a two-day annual meeting to set economic priorities for the coming year, the official Xinhua News Agency said in a report Tuesday that cited a litany of problems but also said the world's second-largest economy had “achieved a recovery.” 

The report gave no details of specific policy changes but laid out broad goals that are in line with what the ruling Communist Party has been doing as it endeavors to steer the world’s second-largest economy toward more sustainable, stable growth as China recovers from the setbacks of the COVID-19 pandemic.  

Sponsored

The property industry is in crisis. Prices have been falling for months, suggesting weak overall demand both inside China and in global markets. Youth unemployment is precariously high and local government debts are adding to pressures on the financial system. 

The Xinhua report said China was contending with slack demand, excess industrial capacity, weak consumer confidence and “certain risks and hidden problems" — and a world that has grown increasingly "complex, severe and uncertain."  

By continuing to use this site, you agree to our terms and conditions
Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250324