China economic growth rate in 2023 is deemed unreliable as China is utilizing opaque models for economic statistics.
China economic growth rate is further affected as demand in the global market continues to decline. (Photo: The Citizen)
China Economic Growth Rate In 2023
China economic growth rate experienced a growth rate of only 5.2% in 2023, marking its slowest pace since the 1990s. However, concerns arise regarding the reliability of China economic growth rate in 2023 due to China’s utilization of unreliable and opaque models for economic statistics.
Additionally, with the new statistics of China economic growth rate in 2023, Beijing has ceased the publication of certain economic indicators and altered methodologies to conceal politically sensitive trends. China economic growth rate is further aggravated by a decline in global demand for its exports and a struggling real estate market.
Moreover, aside from China economic growth rate, the Chinese stock market indexes have also decreased, indicating a decline in investor confidence.
According to a published article by FDD, these factors collectively suggest that China economic growth rate might be heading towards a deflationary spiral akin to Japan’s Lost Decade in the 1990s.
President Xi Jinping And Vietnam
In a published article by International Policy Digest, Vietnam finds itself in a complex geopolitical situation with President Xi Jinping’s recent visit, following President Joe Biden’s diplomatic initiatives.
Both China and the US are vying for influence in Vietnam through economic incentives and security assurances.
