Challenges for China`s Economic Development in 2022
Challenges for China`s Economic Development in 2022
Author(s): Marcin Przychodniak, Damian Wnukowski
Subject(s): National Economy, Economic policy, International relations/trade, Economic development
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: China; economy; development; challenges; 2022;
Summary/Abstract: Last year and the beginning of this year were successful for the Chinese economy due to a rebound after the slowdown caused by the COVID-19 pandemic. However, changes in the economic model designed to increase self-sufficiency in production and raise consumption face obstacles, including the persistence of the pandemic and problems in the real estate sector. The effects of the war between Russia and Ukraine, including rising commodity prices, may also result in a slower than expected growth rate this year. China's economic plans and cooperation with Russia should encourage the EU to reduce its bilateral economic interdependence with the PRC.
Series: PISM Bulletin
- Page Count: 2
- Publication Year: 2022
- Language: English
- Content File-PDF