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Economists engaged with the report assert that GDP figures have likely been overstated by about three percentage points annually over recent years. This discrepancy suggests that China's true economic size could be approximately 10% smaller than reported, amounting to a staggering $1.7 trillion less than current official estimates.
The Road Ahead: Expectations for 2025
Looking ahead to 2025, the Rhodium Group anticipates marginal improvements. They argue that domestic demand stimulus and increased government debt could see China achieving growth levels between 3% to 4.5% if conditions align favorably. However, this growth is largely contingent upon overcoming deep-rooted structural issues within the economy.