The World Bank raised its forecast for China's economic growth in 2024 and 2025 on Dec 26th of 2024, but cautioned against challenges such as household and business confidence, and headwinds in the property sector. China has emphasized the need to maintain steady economic growth, keep employment and prices generally stable, ensure a basic equilibrium in the balance of payments, and increase residents' income in step with economic growth. What obstacles and challenges can we expect in the new year? Where is China's economy headed?

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