The country will continue a proactive fiscal policy and a prudent monetary policy in 2024, with enhanced consistency of the macro policy orientation.

" />

成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

Open

China unveils 2024 growth targets with focus on high-quality development

PAID CONTENT 2024-03-07

The country will continue a proactive fiscal policy and a prudent monetary policy in 2024, with enhanced consistency of the macro policy orientation.

The opening meeting of the second session of the 14th National People’s Congress is held at the Great Hall of the People in Beijing, capital of China, March 5, 2024. (Xinhua/Lu Ye)

China seeks to achieve a GDP growth rate of around 5% for 2024, the latest signal that the world’s second-largest economy is committed to high-quality development despite uncertainties at home and abroad.

The projected goal, which remains unchanged from the previous year’s growth target, is one of the key development objectives unveiled in the government work report delivered by Premier Li Qiang to the national legislature, which began its annual session Tuesday, March 5, 2024.

In 2024, China aims to create more than 12 million jobs in urban areas and keep the surveyed urban unemployment rate at about 5.5%, said the report. The country also plans to spend 1.66554 trillion yuan (around $234.5 billion) on defense, up 7.2%, and set an inflation target of about 3%.

A reasonable goal

The GDP growth target of around 5% for 2024 was set after the Chinese economy showed solidity and resilience in 2023 by recording year-on-year growth of 5.2%.

“In setting the growth rate at around 5%, we have taken into account the need to boost employment and incomes and prevent and defuse risks,” Li said.

This growth rate is well aligned with the objectives of the 14th Five-Year Plan and the goal of basically realizing modernization. It also takes account of the potential for growth and the conditions supporting growth and reflects the requirement to pursue progress and strive to deliver, according to Li.

Tourists visit a scenic area of Linhai City, east China’s Zhejiang Province, Feb. 11, 2024. (Photo by Pan Kanjun/Xinhua)

Han Baojiang, a professor with the Party School of the Communist Party of China Central Committee (National Academy of Governance) and a national political advisor, said the GDP growth objective is both “down-to-earth and uplifting” and shows that the government continues to emphasize the quality of growth.

Tian Xuan, vice dean with Tsinghua University’s PBC School of Finance and a national lawmaker, said the projected growth rate is in line with the availability of policy tools and the sustainability of economic development, leaving ample room for promoting the shift of growth drivers and coping with external uncertainties.

Ample policy tools

The report also noted multiple difficulties and challenges that the country is facing, such as an insufficiently solid foundation for sustained economic recovery and growth and a lack of effective demand.

“Achieving this year’s targets will not be easy, so we need to maintain policy focus, work harder, and mobilize the concerted efforts of all sides,” Li said.

A proactive fiscal policy and a prudent monetary policy will be continued in 2024, according to the report. An array of measures to boost growth this year have also been disclosed, including 3.9 trillion yuan (more than $541 billion) of special-purpose bonds for local governments and the issuing of ultra-long special treasury bonds.

Robots weld bodyshells of cars at the workshop of Chinese electric vehicle maker Li Auto Inc. in Changzhou, east China’s Jiangsu Province, Jan. 10, 2024. (Xinhua/Ji Chunpeng)

Meanwhile, the country will address both the symptoms and root causes to defuse risks in real estate, local government debt, and small- and medium-size financial institutions to safeguard overall economic and financial stability, the report said.

“China has a rather plentiful and flexible set of policy tools to maintain stable economic growth and cope with external headwinds,” said Zhuang Yumin, dean of the School of Finance with Renmin University of China and a national lawmaker, citing the country’s introduction of structural monetary and fiscal tools to offer targeted support for specific fields as an example.

The consistency of the macro policy orientation should be enhanced, the report stressed.

Growth drivers in place

To underpin the country’s high-quality development, the report has outlined major pro-growth steps to drive the economy.

China will launch a year-long program to stimulate consumption and launch policies to promote digital, environmentally friendly, and health-related consumption, the report said.

The report also revealed that China will increase effective investment. In 2024, 700 billion yuan (around $97 billion) will be earmarked in the central government budget for investment.

A series of tasks to modernize the industrial system and develop new quality productive forces at a faster pace are outlined in the report, including industrial and supply chain improvement and upgrade and the cultivation of emerging industries and future-oriented industries such as hydrogen power, new materials, biomanufacturing, commercial spaceflight, quantum technology, and life sciences.

China also plans to implement measures to ensure the national treatment for foreign-funded enterprises, vowing more efforts to attract foreign investment.

Jiang Ying, Deloitte China chair and a national political advisor, said China has a huge market and the country remains open-minded in seeking to continuously improve its business environment. “The Chinese economy offers plentiful opportunities, creating development space for all kinds of market players.”

Note: This article was created and published by Xinhua News Agency.

艳妇臀荡乳欲伦岳TXT下载| 免费99精品国产自在现线观看| 公和熄洗澡三级中文字幕| 99精品久久精品一区二区| 浮力影院欧美三级日本三级| 亚洲AV无码成人精品区在线播放| 欧美人妻免费大片一级a一级久久三| 日本一在线中文字幕| 国产精品毛片无码| 国产AV影片久久久久久| 国产又色又爽又刺激的视频| 人人狠狠综合久久88亚洲| 欧美成人精精品一区二区三区网站| 日韩精品极品视频在线观看免费| 欧美大荫蒂毛茸茸视频| 91香蕉亚洲精品人人影视| 欧美午夜一区二区福利视频| 国产日产欧产精品网站| 国产精品免费视频色无码| 亚洲精品国产精品国自产| 久久久久99精品成人片直播| 欧美成人性毛片视频| 欧美午夜一区二区福利视频| 中文字幕在线免费看线人| 超碰在线视频人人湿人人澡| 天天躁狠狠躁狠狠躁性色av| 少妇厨房愉情理伦BD在线观看| 精品一区二区三区免费视频| 在线播放免费人成毛片乱| 精品视频在线观看一区二区| 俄罗斯三级经典在线观看电影大全| 又粗又大内射免费视频小说| 乳欲人妻办公室奶水| 国产综合视频在线观看| 亚洲欧洲日韩一区三区四区| 无遮无挡爽爽免费毛片| 野花香日本电影高清免费观看7| 精品午夜视频一区二区三区演员表| 熟妇人妻久久中文字幕| 国产亚洲精品无码专区| 91成人亚洲综合欧美日韩|