China's Strategic Economic Maneuvers in 2024

China's economy faces challenges from debt, deflation, de-risking, and demographics despite a 5.2% GDP growth in 2023. The real estate sector has slumped, and policymakers are cautious about stimulus measures. Private investment and foreign direct investment have declined, while local authorities and developers are burdened by debt. Deflation fears persist, and President Xi Jinping has called for a de-risking campaign. China's demographic woes include a declining birth rate and an ageing population, posing long-term implications for the economy.