CHIM - China's 2 Sessions Sets The Stage For 2024

2024-03-05 10:45:00 ET

Summary

• The much-anticipated government work report was unveiled at the latest "Two Sessions".
• 2024 economic targets were set, with growth targets in line with expectations and signals for moderately increased fiscal stimulus.
• The top-level policy tone for the year was unveiled.

By Lynn Song

Key targets for the year

The government work report set the key economic targets for the year. The GDP growth target was left unchanged at 5%, which signalled that growth stability will remain a priority this year. This outcome had largely been expected, especially after provincial growth targets were set....

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