Financial News: China To Achieve 2024 GDP Growth Target, Xi

China To Achieve 2024 GDP Growth Target, Xi Says

12/31/2024 - 07:17:00 (RTTNews)

(RTTNews) - China's economy is expected to have expanded around 5 percent in 2024, President Xi Jinping said on Tuesday.

At a New Year's event, Xi said proactive macroeconomic policies would be extended into 2025, the state news agency Xinhua reported.

Xi added that Beijing would deepen its reforms, expand high-level opening up and coordinate development and security.

Beijing targeted economic growth of around 5 percent this year. The International Monetary Fund had projected the second-largest economy to grow 4.8 percent in 2024 and 4.5 percent in 2025.

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