The World Bank's China Economic Update released in December 2023 predicts that China’s growth is projected at 5.2 percent in 2023 before slowing to 4.5 percent in 2024. The outlook is clouded by continued weakness in the real estate sector and persistently tepid global demand in the short term, as well as structural constraints to growth, including high debt levels, population ageing, and slower productivity growth than in the past.
