IMF-China's Economic Outlook: Expert Insights on Growth and Global Impact

June 27, 2024--China is embarking on an economic transformation, centring the energy transition as the key driver of growth.
Beijing's economic policies aim to stabilize and invigorate global markets despite headwinds.
Ahead of a key economic policy meeting in Beijing, experts convened at the Annual Meeting of the New Champions in Dalian to unpack China's policy direction and economic outlook.

Aparna Bharadwaj, Managing Director and Partner, Global Leader for the Global Advantage Practice, Boston Consulting Group, Singapore, noted that even China's relatively modest 5% growth target for 2024 -a target affirmed by Chinese Premier Li Qiang in the meeting's opening plenary- needed to be put in perspective.

"Five per cent growth will already add more to the global GDP than India, Indonesia and Japan combined," she said. "So even a so-called slowed down growth of China is actually incredibly relevant for the global economy."