Opinion
What Beijing does next could hasten a global recession
China has encouraged what it terms the “new three” growth areas of electric vehicles, batteries and renewable energy. But this strategy poses two huge risks for global markets.
Karen MaleyColumnistInvestors will have their attention closely fixed on Beijing on Tuesday, with Chinese Premier Li Qiang set to unveil its 2024 growth target along with the country’s plans for tackling a worsening property crisis and deepening deflationary pressures.
Li is expected to announce an annual growth target of about 5 per cent this year – roughly the same as last year – when he delivers the government’s work report at the opening of this year’s legislative session in Beijing.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles