China's Q4 GDP to show patchy economic recovery, many challenges ahead
China's economy likely perked up slightly in the fourth quarter, enabling the government to hit its growth target after the previous year's miss, but the outlook for 2024 remains shaky amid a protracted property slump and weak consumer confidence. The government, which in October unveiled 1 trillion yuan ($139.22 billion) in sovereign bonds to fund investment projects, is likely to press ahead with more fiscal spending to drive growth, analysts said.