- Economic growth will be uneven in coming year, with spending focused on inefficient, state-run sectors like manufacturing and real estate
- Underlying economic challenges including low consumption and falling productivity will become more pronounced in coming year
- Focus on manufacturing and infrastructure investment will prevent Beijing from achieving other key policy goals, particularly on carbon emissions
The National Bureau of Statistics reported 2.3% year-on-year GDP growth for 2020 on 25 January. While this is the lowest rate since 1976, it makes China the only major global economy to report positive economic growth this year.
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