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Exclusive: LSE’s Jin Keyu Breaks Down China’s Economic Roadmap
China’s 2024 economic growth target of around 5% has sparked global curiosity. How will the world’s second-largest economy balance innovation, domestic demand, and foreign investment? We sat down with Jin Keyu, a London School of Economics economist, to decode the blueprint.
The 5% Question: Ambitious or Achievable?
\"Hitting 5% requires more than just stimulus,\" Jin says. \"It’s about quality over speed—boosting tech independence while avoiding real estate volatility.\" She highlights AI, green energy, and quantum computing as frontiers where China is \"playing the long game.\"
Domestic Demand: The Consumption Puzzle
With youth unemployment lingering, Jin stresses \"confidence-building measures\" like tax cuts for SMEs and subsidies for green appliances. \"You can’t force people to spend,\" she laughs, \"but you can make saving less tempting.\"
Foreign Investors: Golden Gates or Glass Walls?
While China vows to widen market access, Jin advises cautious optimism: \"Smart investors will eye sectors like aged care and renewables—areas where global demand meets local urgency.\"
Risks Ahead: Debt, Demographics, and Decoupling
Jin flags local government debt and an aging population as twin storms. Her fix? \"Digitize public services to cut costs, and rethink pensions to keep silver economies thriving.\"
The 5% Question: Ambitious or Achievable?
Domestic Demand: The Consumption Puzzle
Foreign Investors: Golden Gates or Glass Walls?
Risks Ahead: Debt, Demographics, and Decoupling
