China's slowing economy awaits stimulus

This is a China news story, published by CNBC, that relates primarily to Goldman Sachs news.

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fiscal support

CNBC

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World

China's slowing economy is waiting for more stimulus. Here's how the country plans to boost growth

Summary

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85% Informative

China 's slowing economy is still waiting for the promised government support to kick in.

Official GDP figures for 2024 are due Friday .

Stimulus will begin to take effect this year , but it will likely take time to see a significant impact.

Consumer prices barely rose in 2024 , up by just 0.5% after excluding volatile food and energy prices.

Sales of new homes in China 's largest cities over the last 30 days have surged by nearly 40% from a year ago .

Goldman Sachs : High inventory levels in smaller cities indicate property prices "have further room to fall" Fitch Ratings : It's difficult for the economy to transition away from real estate, despite China 's wishes to reduce its reliance on the sector for growth.

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formal

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English

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not offensive

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not hateful