China's 2024 Growth Target Reflects Economic Potential, Says NDRC Head

Wednesday, 6 March 2024, 07:25

China's NDRC head reveals that the 2024 economic growth target of around 5% is in alignment with the country's economic potential. The ambitious target signifies confidence in the economy despite current challenges. Beijing's history of meeting set targets suggests determination in achieving the goal.
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China's 2024 Growth Target Reflects Economic Potential, Says NDRC Head

Economy likely to see a good start in Q1

Economic recovery will be consolidated and strengthened. China premier, Li Qiang, had earlier this week announced that the country's 2024 economic growth target would be 'around 5%'. It is definitely an ambitious one considering the state of affairs in China at the moment. But it is what it is, and typically when Beijing gets around to set such a target, you can bet that the numbers will match that come what may at the end of the year.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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