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China's 2024 GDP growth set to hit target of around 5%, says Xi Jinping

Business Standard LogoBusiness Standard6d ago

China's 2024 GDP growth set to hit target of around 5%, says Xi Jinping - Business Standard

Quick Summary:

He said the economy grew 5.2 per cent in 2023 in Davos last January, while highlighting the fact that China did not resort to massive stimulus.

Previously, Premier Li Qiang also revealed the nation’s growth rate ahead of an official announcement by the statistics bureau in a step to lift sentiment.

Xi signaled that support for the economy will continue into 2025 during the New Year’s Eve remarks to the nation’s top political advisory body, reiterating a call to adopt more proactive macroeconomic policies.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 14:03:35 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24772957

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 252 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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