Xi Jinping's address highlighted both confidence in overcoming economic challenges while simultaneously threatening Taiwan amid an uncertain economic landscape as 2024 approaches.
"We have always grown by weathering the storms and become stronger by overcoming challenges," Xi declared, projecting a sense of resilience even amidst domestic and international pressures.
Despite Xi's optimistic rhetoric, the reality for China includes looming economic hurdles, persistent youth unemployment, and significant real estate investment declines.
The World Bank's revised growth forecast of 4.9% for China in 2024 contrasts starkly with Rhodium Group's analysis estimating a growth range of only 2.4% to 2.8%.
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