China's economy is making a turnaround even though ‘3D challenges remain’
Bloomberg
Oct 14, 2024 7:30 AM IST
Goldman Sachs raised its 2024 and 2025 growth forecasts for China, expecting a 4.9% GDP increase this year and 4.7% next year.
Goldman Sachs cautions that despite the growth forecast upgrades, China's long-term structural issues, including demographics and debt, remain unchanged and will continue to pose challenges beyond 2026.
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