Divisions in education. We will have Public Interest in education and pilot comprehensive Higher Education reform. Li comprehensive Higher Education reform. ,. ~ reform. Li qiang there talking about education reform. Li qiang there talking about education and reform. Li qiang there talking about education and the reform. Li qiang there talking about education and the needi reform. Li qiang there talking i about education and the need to develop it for a modern economy. Well get the thoughts of our Business Reporter on that in just of our Business Reporter on that injust a of our Business Reporter on that in just a bit. But first, lets come back to that big sort of Headline Figure thats come out, where theyve stated, or li qiang has stated, that target for gdp for 2024 is 5 . Thats right. So that all emerged in the last five or so minutes, steve. Maniage is wondered whether or not theyd be able to back up that figure. 5. 2 , of course, in 2023. Whether or not, given its coming off now a
From all sides. For more on this joining me now is dr yujie, Senior Research fellow on china, at the think tank chatham house. Can you put that 5 target into context for us . For more on this joining me now is dr yujie, is it achievable . Thank you for having me. As many reporters described, the term ambitious because it is a very similar target to china put forward last year but only last year china started youre coming from a very low base of 5 seemed easier but this year 5 is a hard reaching target for beijing. This year 596 is a hard reaching target for beijing. Target for beiing. Weve been talkin target for beijing. Weve been talking already target for beijing. Weve been talking already or target for beijing. Weve been talking already or i target for beijing. Weve been talking already or i mentioned, we saw those clips from the premier. We listed some of the big issues for china, property crisis, youth unemployment. What, ifany, Concrete Steps were announced to address those . Wel
Biggest challenges facing chinas economy. A huge crisis when it comes to confidence as a result of the property crisis. Trying to get people out spending again. They said for example that china would surge ahead towards a great future and the question is that 5 target, there was not a lot of specific about how theyre going to achieve this. He also lauded the past achievements, talking about science, technology and Artificial Intelligence as well as the airline. ~. ,. , intelligence as well as the airline. , airline. What was beyond the economy . Airline. What was beyond the economy . The airline. What was beyond the economy . The birthrate airline. What was beyond the economy . The birthrate was| airline. What was beyond the i economy . The birthrate was an interesting economy . The birthrate was an interesting element. Economy . The birthrate was an interesting element. China economy . The birthrate was an interesting element. China is i interesting element. China is facing a demograp
Said there were favourable conditions outweighing unfavourable ones. And that china will surge ahead to a great future. He lauded developments in science, technology as well as the environment. Technology as well as the environment. ,. , environment. The emphasis on the economy environment. The emphasis on the economy. What environment. The emphasis on the economy. What other environment. The emphasis on| the economy. What other areas did he touch on . Did he touch on . Tech and al was an interesting did he touch on . Tech and al was an interesting element. | did he touch on . Tech and ai i was an interesting element. He talked about investing in quantum computing. He lauded as well talking about technology, the sea 919 airline that take into the skies domestically, the need for self sufficiency. Beijing has been talking about us restrictions on cheap production and that was one element of it. Chip. 2 million urbanjobs, youth million urban jobs, Youth Unemployment million urbanjobs, Yo
Economy now is important to anchor confidence. In doing that comes from projecting really clear, decisive policies to win the economy. 50 really clear, decisive policies to win the economy. So when it comes to to win the economy. So when it comes to confidence, to win the economy. So when it comes to confidence, we to win the economy. So when it comes to confidence, we are i comes to confidence, we are seeing china struggling with that. Do you see them introducing measures to boost spending because eli would say nine months ago, it wouldve seemed unlikely. But now the barfor stimulus is much higher. Its almost become a bit of a necessary condition for them to introduce something on the consumption side, to really boost the economy around 5 this year. Really boost the economy around 5 this year 596 this year. China is already saddled with 596 this year. China is already saddled with debt, 596 this year. China is already saddled with debt, what 596 this year. China is already saddled wit