Cross-posted from: https://feddit.de/post/7986685
The second-largest economy in the world has weakened in the past few years, due to high debt, an aging workforce, slower internal demand, and an ongoing crisis in the real estate sector—the force that had driven much of its explosive growth in the last few decades. These factors were compounded by the COVID-19 pandemic, with the country imposing drastic measures including its zero-COVID policy which lasted until December 2022.
That’s a good point and on top of that I (not a China expert) am not sure that China values quantifiable growth in the same way the U.S. does, so those figures might just be footnotes on China’s path to wherever it’s going.