China Slowdown Will Create Winners and Losers in Global Economy: Euromonitor International

Lan Ha, Head of Economic Research at Euromonitor International, said China’s post-pandemic economic recovery was slowing because of declining demand for the country’s exports and sluggish growth in domestic consumption. in 2023-2024 are higher than the 3.0% growth the country recorded in 2022. However, a growth rate of around 5.0% is significantly lower than the economy’s pre-pandemic trend, which averaged 7.7% annually during 2010-2019.