China Growth Target Hangs in Balance While Economists Cut Forecasts
- Analysts downgrade 2023 GDP projection to 5% from 5.1%: survey
- Property is the biggest challenge for China, economists say
China will just about meet its economic growth target of around 5% for this year, the latest Bloomberg survey shows, although the ongoing property crisis is raising the risk of a miss.
The economy is projected to expand 5% in 2023, according to the median estimate in a new Bloomberg survey of 78 economists — a 10 basis point-downgrade from an earlier poll, with analysts citing property as the biggest challenge for the nation.