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China to miss lofty economic growth target without major stimulus

Cecile Lefort
Cecile LefortMarkets reporter
Updated

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China will fail to meet its growth target unless Beijing injects more stimulus to prop up the country’s stuttering recovery, but a reliance on iron ore exports from Australia will limit the effect that weakness has on the local economy.

That is the view of a panel of 30 economists surveyed by The Australian Financial Review, who forecast the world’s second-largest economy and Australia’s largest trading partner will grow between 4.2 per cent and 4.8 per cent this year.

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    Original URL: https://www.afr.com/markets/debt-markets/china-to-miss-lofty-economic-growth-target-without-stimulus-injection-20240404-p5fh9g