China economic outlook

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      <subfield code="a">The document analyzes recent developments and the outlook for the Chinese economy within the context of the global macroeconomic scenario for 20252027. It examines the impact of geopolitical tensionsparticularly the conflict in the Middle Easton economic growth, inflation, energy prices, and foreign trade. It explores the structural imbalances of the Chinese economy, such as industrial overcapacity, weak domestic demand, and the adjustment of the real estate sector. It assesses monetary and fiscal policies, as well as the role of artificial intelligence, the green transition, and the 15th Five-Year Plan (20262030). The report includes detailed forecasts for growth, inflation, interest rates, and the exchange rate under different scenarios</subfield>
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