China Should Strive To Grow By 5% In 2024

China’s economic growth may fall between 4-5% in 2024, and could find 5% difficult to reach, due to insufficient demand restricting growth, said Zhang Junkuo, former deputy director of the Development Research Center of the State Council. The real-estate market will find a rebound challenging without a new development model, which will continue to drag down fixed-asset investment growth, while the recovery of consumer demand requires the gradual improvement of the economic and employment situation. Authorities must enhance the persistence and effectiveness of support policies and promote reform and opening up in key areas such as establishing a unified urban and rural construction land market, said Zhang. (Source: 21st Century Business Herald)