Economic slowdown may prompt reluctant reform in China
Xi took China’s achievement of long-term economic growth to mean that market reform was no longer necessary and began to prioritise political control over economic efficiency
JD.com to cease operations in Thailand and Indonesia
Local websites showed JD.com will end its services in Thailand from March 3 and in Indonesia from the end of the same month. Both units will stop taking orders on February 15.
Why China isn’t about to save Thailand’s economy yet
Analysts believe that while China’s reopening may help Thailand’s economy expand, it won’t be enough to return growth to pre-pandemic levels just soon.
China: Demographic shift poses tough economic and fiscal challenges
China’s economy looks set to enter a structural slowdown. We forecast GDP growth will slow to an annual average of around 4.5% this decade, down from 7.7% per year in 2010-2019.
In response to Beijing’s shift to “living with COVID”, analysts have raised their forecasts for China’s real GDP growth to 5.2 percent in 2023 (from 4.7 percent) and 4.8 percent in 2024 (from 4.5 percent).
