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China posted a robust GDP growth of 5.2 percent for 2023, successfully beating the government’s pre-set yearly target of around 5 percent, the National Bureau of Statistics said on Wednesday. This highlighted the strong internal dynamics of the world’s second-largest economy and its significant potential for continuous expansion, even amid a turbulent international macroeconomic environment, continuing to drive global resurgence. ....
While the global economy faced significant recovery pressures in 2023, China s economy showed remarkable resilience. Analysts have taken stock of highlights in the country’s economy and estimate that GDP growth would have exceeded 5 percent in 2023, noting that the world’s second-largest economy will continue to forge ahead in 2024 despite choppy waters. ....
(Bloomberg) A rare mid-year revision to China’s budget to juice the recovery with more stimulus would signal that top leaders are moving away from a growth model that is piling ever more debt on local governments.Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictAfghanistan’s Viral Supercar Makes Global Debut at Doha ShowChina Mulls N ....
A rare mid-year revision to China’s national budget to juice the economic recovery with more stimulus would signal top leaders are moving away from a growth model that has piled ever more debt on local governments. ....