January 20, 2024 - China on Jan. 17 released its 2023 GDP growth at 5.2%, meeting its target set in March last year. S&P Global projects China’s 2024 GDP growth to slow to 4.7% after the country's annual economic conference held in December implied that any fiscal and monetary measures taken in 2024 were unlikely to be more aggressive than in 2023. This sets a weak tone for commodity markets in terms of end-user demand.