China still has the capacity for surprise. While growth is far slower than the clip that prevailed during the three-decade-long boom, recent data suggest a recovery of sorts might be in the offing. The health of global commerce hinges on whether this is a blip or heralds a return to a stronger footing.<\/p>\n
Unfortunately, there was a rush to evaluate the indicators based on whether President Xi Jinping’s target for gross domestic product will be met, missed or surpassed. Beijing’s goals hinge on a metric that, at the best of times, has flaws. Underlying conditions matter more and the recent numbers are encouraging.<\/p>\n
There are problems with looking at China\u2019s vitality through the GDP lens \u2014 the data is widely perceived to be finessed by officials. In a one-party state, the political incentives to achieving objectives set from the top are great, rarely more so than now. Leaders want an increase in GDP of around 5% in 2025 and are likely to, at least, come very close. As nice as that would be in a challenging global economy, it’s a long way from a perfect report card. The real estate sector is still troubled, employment is lackluster and deflationary pressures persist.<\/p>\n","protected":false},"excerpt":{"rendered":"China still has the capacity for surprise. While growth is far slower than the clip that prevailed during…\n","protected":false},"author":2,"featured_media":252616,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1395,87927,1700,3448,16,15],"class_list":{"0":"post-252615","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-chinese-economy","11":"tag-economy","12":"tag-gdp","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114827180579201894","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/252615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=252615"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/252615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/252616"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=252615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=252615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=252615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}