Chinese economy to moderate in 2024: ADB

The Chinese economy is expected to grow by 4.8% in 2024, driven by a recovery in household consumption, ongoing property market adjustments, and weak external demand, according to the Asian Development Bank (ADB). However, growth is projected to moderate from the previous year's 5.2% expansion, with uncertainties in the external macroeconomic environment and trade tensions potentially affecting Chinese exports.
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