Part 11/12:
China’s pursuit of 5% growth in 2024 hinges on successfully fostering domestic consumption, advancing technological self-sufficiency, and managing geopolitical pressures. The shifts toward nationalism and self-reliance are substantial, and many believe they will eventually bolster Chinese industries and consumer confidence.
However, challenges like global trade restrictions, overcapacity, and domestic confidence issues could impede progress. The government’s fiscal flexibility—via budget adjustments and targeted investments—gives China some room to maneuver, but sustained growth may require reassessment of ambitious targets and longer-term structural reforms.