China: Economic growth will be uneven in coming year, with spending focused on inefficient state-run sectors

Predictions

  • 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

Event

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.

Falanx Assynt is a global intelligence consultancy and leading provider of geopolitical, strategic and business risk analysis since 2003. Falanx Assynt is part of Falanx Group Ltd (LON:FLX) which, through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide.

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