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China Economic Update, June 2024: Growing Beyond Property: Cyclical Lifts and Structural Challenges

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-06-14T16:04:07Z
dc.date.available2024-06-14T16:04:07Z
dc.date.issued2024-06-14
dc.description.abstractEconomic activity picked up in China in early 2024, buoyed by stronger exports. Meanwhile, growth in domestic demand moderated. Manufacturing and infrastructure investment and consumer spending on services remained robust, while the property market correction continued. In the long term, China’s rapidly aging population will have wide-ranging economic impacts, but with the right policies the demographic transition is manageable. The economic challenges from an aging population can be overcome with policies that increase labor force participation and extend productive working lives. Affordable childcare, better work-life balance, elimination of gender bias in hiring, a higher retirement age, skills upgrading, and lifelong learning are measures that could expand China’s workforce and make it more productive.en
dc.identifierhttp://documents.worldbank.org/curated/en/099422406142429237/IDU142da73a81dd0d147b91b0d01a688131654bc
dc.identifier.doi10.1596/41709
dc.identifier.urihttps://hdl.handle.net/10986/41709
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectAGING POPULATION
dc.subjectGROWTH AND INEQUALITY
dc.subjectAGED SOCIETY
dc.subjectSDG 8
dc.titleChina Economic Update, June 2024en
dc.title.subtitleGrowing Beyond Property: Cyclical Lifts and Structural Challengesen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleChina Economic Update, June 2024: Growing Beyond Property: Cyclical Lifts and Structural Challenges
okr.date.disclosure2024-06-14
okr.date.lastmodified2024-06-14T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099422406142429237/IDU142da73a81dd0d147b91b0d01a688131654bc
okr.guid099422406142429237
okr.identifier.docmidIDU-42da73a8-dd0d-47b9-b0d0-a688131654bc
okr.identifier.doihttps://doi.org/10.1596/41709
okr.identifier.externaldocumentum34340921
okr.identifier.internaldocumentum34340921
okr.identifier.report191254
okr.import.id4474
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099422406142429237/pdf/IDU142da73a81dd0d147b91b0d01a688131654bc.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicHealth, Nutrition and Population::Country Population Profiles
okr.unitWB Off: Beijing (CN/MN/KR) (EACCF)
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