31December20241:39PMHKTChinaMattersTheTaleof2024in10ChartsAstheyeardrawstoitsend,wecompile10chartstoshowcasekeythemesof2024HuiShanfortheChineseeconomy,aswedidlastyear.2024markedanotherchallengingyearforChinamacro,withthesharpdivergencebetweenstrongexportsandweak+852-2978-6634hui.shan@gs.comdomesticdemand(especiallyconsumption),thelongestdeflationaryperiodsinceGoldmanSachs(Asia)L.L.C.1999,thepolicypivotinlateSeptember,andgovernmentbondyieldsreachingahistoricallow.LishengWangWewishourreadersaveryhappyholiday,andwelookforwardtoaneventfulyear+852-3966-4004in2025.lisheng.wang@gs.comGoldmanSachs(Asia)L.L.C.XinquanChen+852-2978-2418xinquan.chen@gs.comGoldmanSach...