Some of China’s leading cities have already signalled their intentions for the year ahead by setting economic growth targets at above 5 per cent for 2024.
While many Asian countries are expected to see moderate to strong growth, China can be a notable exception as weak consumption, lower industrial production and distress in property markets weigh on a rebound in 2024
China’s economy grew by 5.2 per cent year on year in 2023, hitting its annual economic growth target following a 5.2 per cent expansion in the fourth quarter, data released on Wednesday showed.