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 ...

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After having announced, at the end of September, several measures intended to soften the consequences of the real estate crisis which hurts the country (reduction of the personal contribution and of the real estate loans rates and of the banks required reserves) and offered financial supports to local authorities for around 140 billion dollars, the Chinese government has just decided to make more accommodative the monetary policy for the first time for 14 years. It has left to understand that a support program of the household demand will be put into place in 2025. The Chinese president Xi Jinping, when ...

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In September, the political Bureau of the Chinese Communist party had a meeting and has made known that new measures to support economic activity were going to be announced without entering into the details. The objective of a 5% growth rate seemed to be difficult to be reached and it is that which has attracted the attention of the commentators. Yet, the fact that the Chinese GDP growth was 4.9%, as it emerges from the 1st half figures, or 5% has no importance. The accurateness of the statistics does not allow to giving attention to such small spreads. It ...

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