China is on track to meet the government’s growth target of around 5% this year. However, lingering producer deflation, soft domestic demand, and expected export contraction suggest growth momentum is weakening. Analysts predict consumer inflation will remain flat this year, below the government’s 2% target. Policymakers are signalling a gradual shift toward supporting consumption over the next five years, though it may take time for these measures to produce significant results.
(Disclaimer: This slideshow has been sourced from Reuters)