Chinese economic turmoil and predictions for 2024

China faces unprecedented political and economic turmoil for 2024. The Chinese economy, which was expected to rebound, has been hit by a surge in COVID-19 cases and is experiencing significant economic problems. Predictions indicate that there will be a significant decrease in foreign direct investment in China in the coming year. This economic downturn is expected to have a profound impact on the Chinese economy, including high youth unemployment, a demographic crisis, and an unwinding of various economic bubbles. The Chinese government is likely to try to conceal the true extent of the economic problems with controlled narratives and opaque data. It remains to be seen whether China can sustain its economy and maintain foreign direct investment in the face of these challenges.