China Sets Aggressive Economic Growth Target for 2024
- 2 months ago
China Sets Aggressive, Economic Growth , Target for 2024.
Associated Press reports that China has
said it aims to achieve 5% economic growth
in 2024, despite facing many challenges.
Premier Li Qiang outlined plans to boost
China's economy while addressing the annual
session of the National People's Congress.
Premier Li Qiang outlined plans to boost
China's economy while addressing the annual
session of the National People's Congress.
The plan includes increased spending on
developing advanced technology, fortifying
the military and other longstanding goals.
According to Li, the Chineses government
would continue with a "pro-active fiscal
policy and prudent monetary policy.”.
The plan looks to boost growth by issuing
long-term bonds over several years,
beginning with about $139 billion in 2024.
Those bonds would be used to
implement "major national strategies"
and boost security "in key areas.".
The plans also include a "new development model"
aimed at easing a prolonged real estate slump
by building government-subsidized housing.
The foundation for China’s sustained
economic recovery is not yet stable,
with insufficient effective demand,
overcapacity in some industries,
weak social expectations, and still
many risks and hidden dangers, Li Qiang, Chinese Premier, via Associated Press.
The foundation for China’s sustained
economic recovery is not yet stable,
with insufficient effective demand,
overcapacity in some industries,
weak social expectations, and still
many risks and hidden dangers, Li Qiang, Chinese Premier, via Associated Press.
According to a draft budget, an additional
$231 billion would be set aside for defense
spending, representing a 7.2% increase from 2023. .
According to a draft budget, an additional
$231 billion would be set aside for defense
spending, representing a 7.2% increase from 2023. .
The underlying trend of economic
recovery and long-term growth
remains unchanged and will not
change. So we must be more confident
and more assured of ourselves, Li Qiang, Chinese Premier, via Associated Press
Associated Press reports that China has
said it aims to achieve 5% economic growth
in 2024, despite facing many challenges.
Premier Li Qiang outlined plans to boost
China's economy while addressing the annual
session of the National People's Congress.
Premier Li Qiang outlined plans to boost
China's economy while addressing the annual
session of the National People's Congress.
The plan includes increased spending on
developing advanced technology, fortifying
the military and other longstanding goals.
According to Li, the Chineses government
would continue with a "pro-active fiscal
policy and prudent monetary policy.”.
The plan looks to boost growth by issuing
long-term bonds over several years,
beginning with about $139 billion in 2024.
Those bonds would be used to
implement "major national strategies"
and boost security "in key areas.".
The plans also include a "new development model"
aimed at easing a prolonged real estate slump
by building government-subsidized housing.
The foundation for China’s sustained
economic recovery is not yet stable,
with insufficient effective demand,
overcapacity in some industries,
weak social expectations, and still
many risks and hidden dangers, Li Qiang, Chinese Premier, via Associated Press.
The foundation for China’s sustained
economic recovery is not yet stable,
with insufficient effective demand,
overcapacity in some industries,
weak social expectations, and still
many risks and hidden dangers, Li Qiang, Chinese Premier, via Associated Press.
According to a draft budget, an additional
$231 billion would be set aside for defense
spending, representing a 7.2% increase from 2023. .
According to a draft budget, an additional
$231 billion would be set aside for defense
spending, representing a 7.2% increase from 2023. .
The underlying trend of economic
recovery and long-term growth
remains unchanged and will not
change. So we must be more confident
and more assured of ourselves, Li Qiang, Chinese Premier, via Associated Press