In July 2024, China unveiled a long-awaited slate of reforms following a year of disappointing growth, mounting property sector troubles, and increasing global pushback. How far will these reforms go in addressing China’s deep-rooted economic challenges?
In the second quarter of 2024, China’s leaders emphasized that the economy was robust and progressing as planned. However, key financial indicators such as property markets, stock prices, and consumer sentiment revealed signs of weakness, casting doubt on the optimism.