![China: a year of base effects and property sector deleveraging](/.imaging/mte/efg-revamp/547x300/dam/efg/insights/2021/Insight_China-Remimbi/Insight_China-Remimbi_530x395px.jpg/jcr:content/Insight_ChinaRemimbi_530x395px.jpg)
China: a year of base effects and property sector deleveraging
The recent release of fourth quarter economic data from Beijing confirmed that the Chinese economy grew 5.2% in 2023, hitting the government’s target of “around 5%”. However, base effects due to slower growth in 2022 masked underlying weakness. In this Macro Flash Note, Economist Sam Jochim analyses the latest data.