In China, the taste for metaphors is widespread. The calendar is no exception. According to the signs of the zodiac, the year that will begin will be that of the horse succeeding that of the serpent. Will the pace of growth be similar to a canter or a trot? The generally unfavourable assessment of the Chinese economy in the West makes a diagnosis and forecasts more difficult. But the country's influence on the global economy makes it essential to better understand its strengths and weaknesses.
In 2025, in an unfavorable international environment, the 5% growth target was achieved according ...