China’s economy is still facing a bumpy recovery with various uncertainties, including a sluggish property market, fiscal pressures on local governments, a bleak export outlook and low confidence in the private sector.
S&P Global Ratings predicted in its economic outlook on Sunday that China’s economy would grow by 5.4 per cent in 2023, year on year, but could slow to 4.6 per cent growth next year.
“China’s outlook has improved, but obstacles remain,” analysts at S&P Global said.
“A property downturn is still a pain point for the Chinese economy, but growth momentum has slightly improved because of policy support.”
中国经济复苏仍面临坎坷，房地产市场低迷、地方政府财政压力、出口前景黯淡、私营部门信心低迷等不确定因素较多。
标准普尔全球评级周日在其经济展望中预测，2023年中国经济将同比增长5.4%，但明年增速可能放缓至4.6%。
标准普尔全球分析师表示：“中国的前景有所改善，但障碍仍然存在。”
“房地产低迷仍然是中国经济的痛点，但由于政策支持，增长动力略有改善。”
