Part 5/13:

This commitment to zero COVID creates uncertainty for both consumers and businesses. It hampers private consumption and investment by maintaining strict public health restrictions, which can slow down the country's economic recovery. Analysts suggest that China's economic rebound may be less robust than previous recovery cycles, mainly due to the continued enforcement of strict pandemic policies.

Economic Growth Outlook: From Speed to Quality

China's status as the world’s second-largest economy means that its growth trajectory is closely watched. The Congress signals a shift from prioritizing rapid growth to emphasizing high-quality development. This entails slower but more sustainable growth, focusing on innovation, technological advancement, and structural efficiency.