Impact of China's Slowing Economy

China's economy is facing significant challenges and may struggle to meet its growth targets in the coming years. Despite the World Bank slightly raising its growth forecast for China to 4.5%, this remains below the government's desired 5% target. Issues such as low consumer spending, high youth unemployment, and a troubled property sector, particularly the precarious situation of construction giant Evergrande, are contributing to this economic stagnation. China's government is expected to make minor adjustments to encourage consumer spending, but major stimulus measures are unlikely as they would contradict current leadership philosophies.