The president of China anticipated what his intention is for 2024 and announced that he seeks to consolidate economic recovery and achieve stable long-term development.
The Chinese president, Xi Jinping affirmed on Sunday that his country will consolidate and enhance the positive trend of its economic recovery in 2024, and will sustain long-term development with deeper reforms. This was anticipated in a televised speech on the occasion of the New Year, in which he assured that he will deepen the reforms to shore up confidence in the economy.
The leader stated that China “will consolidate and enhance the positive trend of economic recoveryand achieve stable and long-term economic development.” He also said: “We must comprehensively deepen reform and opening-up, further boost confidence in development, increase economic vitality, and make greater efforts to promote education, promote science and technology and cultivate talents.
Xi expressed his concern about the difficulties facing the operations of some companies and the hardships that some people suffer at work and in their daily lives, as well as due to the impact of natural disasters such as floods and earthquakes in some regions.
China and its growth projection
In recent months, the government has announced a series of measures to shore up China’s weak economic recovery after the pandemic, which is being slowed by the collapse of the real estate sector, the risks of local government debt and slow global growth. .
Analysts predict that China’s economic growth reaches official target of around 5% this yearand Beijing is expected to maintain the same goal in 2024.
Source: Ambito
