《中国经济简报：超越房地产的增长——周期性上升与结构性挑战》英文-54页.docVIP

ChinaEconomicUpdate-June2024

Acknowledgements

TheJune2024issueoftheChinaEconomicUpdatewaspreparedbyateamcomprisingYushaLi(Task

TeamLeader),KevinChua(co-TaskTeamLeader),JunGe,MariaAnaLugo,ElitzaMileva,SaileshTiwari,

DewenWang,SamuelChristopherHill,ShichaoZhou,VeronicaMontalvaTalledo,KatherineAnne

Stapleton,MariusVismantas,FangYang,YangHuang,KateMandeville,LipingXiao,SalmanAsim,Marcin

Piatkowski,WentingWei,DanxuCheng,HongyiHe,JiaLiu,andZhangZhang.Guidanceandthoughtful

commentsfromMaraWarwick,LalitaM.Moorty,AadityaMattoo,SebastianEckardt,ZaferMustafaoglu,

RinkuMurgai,CristianAedo,PhilipO’Keefe,JohnGiles,ElenaGlinskaya,andErgysIslamajaregratefully

acknowledged.TheteamwouldliketothankTianshuChen,YingYu,LuoyiZhou,XiaotingLi,MingjieLi,

andYuShangforsupportintheproductionanddisseminationofthisreport.Theteamwouldalsoliketo

thankXiaoyanLei,JunniZhang,BoZhao,WeiHuang,QingyuanLiandChunfengZhangfromtheNational

SchoolofDevelopmentatPekingUniversityforthediscussionontheeconomicimpactofpopulationaging

inChina.Thefindings,interpretations,andconclusionsexpressedinthisreportdonotnecessarilyreflect

theviewsoftheExecutiveDirectorsoftheWorldBankortheChinesegovernment.Questionsand

feedbackcanbeaddressedtoTianshuChen(tchen@).

ChinaEconomicUpdate-June2024

TableofContents

ExecutiveSummary1

RecentEconomicDevelopments6

I.

FavorableexternaldemanddroveChina’sgrowthperformanceinearly20246

Tradeactivityandcapitalflowsimprovedinearly20247

Thepropertysectorcontinuestoundergoanadjustment9

Demandandsupplyimbalancesinsomesectorshaveexerteddownwardpressureonprices10

Carbonemissionsincreasedmoderatelydespiterapidscale-upofrenewableenergy13

Announcedfiscalmeasureswillprovidesomesupporttodom