The publication of the first estimate of Chinese growth in 2024 reassured the authorities but did not convince Western observers. The figure is first and foremost symbolic since it corresponds to the objective set by the country's authorities. And there was some doubt about whether it would be 4.9 or 5%. Given the margins of error inherent in any statistic, the difference is not significant. But to reach this figure, a clear acceleration in growth was needed in the 4th quarter.
It intervened: in the 3rd quarter, GDP had grown by only 4.6% over one year. Growth ...