China Hits 5% GDP Growth Target Despite Slowing Economy
The Spin
Anti-China narrative
China's economy is losing steam and becoming dangerously unbalanced, with growth slowing to a three-year low while domestic demand remains stubbornly weak. The reliance on exports has hit the highest level since 1997, masking serious structural problems, including a collapsing property sector and declining private investment that threaten long-term stability.
Pro-China narrative
China's economy has demonstrated remarkable resilience by hitting its 5% growth target and surpassing 140 trillion yuan for the first time despite external pressures. High-tech industries and new quality productive forces are driving sustainable development, while record-breaking exports and stabilizing consumption prove the economy remains a global locomotive with strong fundamentals intact.