The head of the People’s Republic of China, Xi Jinping, said that the economic system of this Asian country will show growth in 2024, which will amount to about 5%.
It is worth noting that the mentioned indicator corresponds to Beijing’s target for an increase in gross domestic product (GDP) in the current year. Information about Xi Jinping’s statement on the prospects for final 2024 economic growth was published by the Chinese media. According to relevant information, on Tuesday, December 31, during a speech at a New Year’s event, the head of the People’s Republic of China stated that the economic system of the Asian country as a whole is stable and progressing against the background of stability. He also separately noted that the risks in key areas have been eliminated. Moreover, he said, employment and prices remained stable.
It is worth noting that the Chinese economy, which is the second largest in the world, has been facing difficulties recently. In the relevant context, it is worth mentioning the prolonged downturn in the real estate market, sluggish domestic demand, and falling investor confidence. Beijing is also facing the prospect of higher tariffs on goods imported into the United States. Donald Trump, who won the US presidential election last month and will return to the White House in January, has repeatedly declared his intentions to do so.
It is worth noting that the final information on the dynamic of the Chinese economy in 2024 will be released next month. At the same time, Xi Jinping’s statement indicates a high level of probability that Beijing has achieved its goal in the context of the mentioned indicator.
As we have reported earlier, Experts Predict China’s December Manufacturing Activity to Expand.
