Chinese economic growth among slowest in decades, and it could fall further.

Beijing has in recent months announced its most aggressive support measures for years in a bid to reignite an economy that had suffered on multiple fronts, including a prolonged property market debt crisis and sluggish consumer spending.

But the economy grew by five percent last year, official data from Beijing’s National Bureau of Statistics (NBS) on Friday showed, down from 5.2 in 2023.

China’s central bank has indicated in recent weeks that 2025 will see it implement further rate cuts, part of a key shift characterised by a “moderately loose” monetary policy stance.

Source: ECONOMICTIMES