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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
Is China's economy slowing down? The National Bureau of Statistics announced that China's GDP growth rate in the first three quarters of 2023 was 5.2 percent. It's a bit low compared with China's average annual GDP growth rate over the past 40 years, which was 9.5 percent. Although China's economic growth is no longer that red-hot compared to itself in the past, economists say it is a natural shift after the urbanization ratio closes in to saturation and large-scale real estate development starts to cool. In the view of the economists, the future economy may no longer mainly rely on the population growth or the real estate, but the green sector and artificial intelligence technology. Reporter Liu Jiaxin has more.