Free Trial

GDP Growth Target Expected At 5% - Experts

CHINA PRESS
MNI (BEIJING)

Authorities will set a relatively high target of about 5% GDP growth for 2024 to improve confidence and avoid weakening expectations, according to Huang Wentao, chief economist at CITIC Securities. However, China will likely achieve 4.8% growth this year as the economy bottoms out, according to Mao Zhenhua, chief economist at China Chengxin International. Zhang Wenkui, deputy director at the Development Research Center of the State Council believes the target achievable should officials implement proactive policies to expand demand. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.