Vietnam PM Seeks Steps for Double-Digit GDP Growth Next Year
1 week, 5 days ago

Vietnam PM Seeks Steps for Double-Digit GDP Growth Next Year

Live Mint  

-- Vietnamese Prime Minister Pham Minh Chinh instructed the investment ministry and other authorities to work on development scenarios and measures that will enable the country to attain “double-digit” growth in gross domestic product next year. Cities and provinces have been ordered to develop expansion plans aimed at reaching the national growth goal, while ministries must set targets in their assigned sectors to achieve the same, according to a government statement. While the National Assembly has set a GDP growth target of 6.5%-7% for next year, Chinh said earlier this month that the government sees 2025 as “the year of acceleration” and would strive for about 8% growth. The prime minister ordered the technology ministry and other authorities to work on policies to attract investments in high-value added sectors including semiconductors, artificial intelligence, renewable energy and smart infrastructure.

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History of this topic

Steps ready for stable growth of the economy
3 weeks, 6 days ago

Steps ready for stable growth of the economy

China Daily  

In setting priorities for its economic policy for 2025, China is emphasizing the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP ratios, the issuance of ultra-long-term special treasury bonds and interest rate cuts. The meeting reaffirmed the need to adopt a moderately loose monetary policy next year, including the rollout of rate cuts and …

GDP goal to be met on positive cues
1 month, 3 weeks ago

GDP goal to be met on positive cues

China Daily  

The skyline of Beijing. Citing a package of incremental policy measures announced in recent months, Robin Xing, chief China economist at Morgan Stanley, noted that "recent policy dynamics signal a strong turning of overall government policy in trying to bolster economic growth, boost confidence and stabilize expectations." Xing said he expects to see additional fiscal stimulus in the coming months, …

Growth target within reach on policy effort
2 months, 3 weeks ago

Growth target within reach on policy effort

The Independent  

With a potent set of new policies being implemented on various fronts, China is on course to achieving its full-year economic growth target of around 5 per cent, signalling the resilience of the country’s economy despite challenges at home and abroad, said a senior expert. Chen Wenling, chief economist at the China Centre for International Economic Exchanges in Beijing, said …

Keys to achieving China's annual economic growth target of 5%
3 months, 2 weeks ago

Keys to achieving China's annual economic growth target of 5%

China Daily  

CAI MENG/CHINA DAILY To assess whether we can reach the annual economic growth target, we first need a reasonable analytical framework. Using the simplest expenditure method to analyze the possibility of achieving around 5 percent GDP growth in 2024, we must consider the three main components of economic growth: final consumption, capital formation, and net exports. If the expansionary policies …

China on track to reach economic growth goal
4 months, 2 weeks ago

China on track to reach economic growth goal

China Daily  

Xu Hongcai, deputy director of the China Association of Policy Science's Economic Policy Committee delivers a speech at a news conference held in Beijing, on Tuesday. China is well poised to achieve its economic growth goal of about 5 percent this year, as the country continues to boost domestic demand, a senior expert said on Tuesday. Xu also said insufficient …

On track to attain 2024 growth goal
5 months, 2 weeks ago

On track to attain 2024 growth goal

China Daily  

Two participants at the 2024 Summer Davos Forum exchange views in Dalian, Liaoning province. YAO JIANFENG/XINHUA China is on track to reach the 2024 GDP growth target of around 5 percent given the strong policy stimulus, continued recovery trend and gradual recovery in domestic demand, experts and entrepreneurs said. Despite facing challenges from a sluggish real estate market, still-weak demand …

China pushes for 5% GDP growth
10 months ago

China pushes for 5% GDP growth

China Daily  

China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will leverage intensified and targeted macro policies to sustain stable growth, according to the Government Work Report released on Tuesday. The country pledged to pursue a proactive fiscal policy that will be intensified as appropriate with improved quality and …

5 reasons why China's 5% GDP growth target is in the news
10 months ago

5 reasons why China's 5% GDP growth target is in the news

Firstpost  

Analysts have been warning investors to stay away from investing in China. Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani said, ‘Most people think that is not the real growth number—it was actually a lot weaker’ Premier Li Qiang addressed National People's Congress at the Great Hall of the People in Beijing on Monday. Reuters file China is still in the …

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve
10 months ago

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve

Associated Press  

BEIJING — China aims to achieve 5% economic growth this year, Premier Li Qiang said Tuesday, acknowledging that it will be a challenging goal in difficult times. In his address to the annual session of the National People’s Congress, Li outlined plans to boost spending on developing advanced technology, fortifying China’s military and supporting the economy, among many other longstanding …

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve
10 months ago

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve

New Indian Express  

BEIJING: China aims to achieve 5% economic growth this year, Premier Li Qiang said Tuesday, acknowledging that it will be a challenging goal in difficult times. In his address to the annual session of the National People's Congress, Li outlined plans to boost spending on developing advanced technology, fortifying China's military and supporting the economy, among many other longstanding goals. …

‘Two sessions’: China sets 5 percent growth target, boosts military budget
10 months ago

‘Two sessions’: China sets 5 percent growth target, boosts military budget

Al Jazeera  

Beijing sets one of its lowest targets in decades amid property crisis, slowing exports and population decline. Li said Beijing would push ahead with “transforming the growth model”, including through tax reform, fostering talent in tech, boosting domestic consumption, removing barriers to private investment, and issuing 1 trillion yuan in special government bonds. China’s economic roadmap, which matches last year’s …

China pushes for 5% GDP growth
10 months ago

China pushes for 5% GDP growth

China Daily  

Premier Li Qiang delivers the Government Work Report at the opening meeting of the second session of the 14th National People's Congress at the Great Hall of the People in Beijing on Tuesday. FENG YONGBIN / CHINA DAILY China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will …

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
11 months, 3 weeks ago

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery

Associated Press  

HONG KONG — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Officials from China’s National Bureau of Statistics said that measures including “strengthened macro regulation, and redoubled efforts to expand domestic demand, …

China: Waiting for policy tailwind
1 year ago

China: Waiting for policy tailwind

China Daily  

A pedestrian walks past the headquarters of PBOC in Beijing. Our base case is the government will likely commit to boost growth by setting a growth target at "above 4.5 percent" for 2024, moderately higher than the 4.1 percent average growth in 2022-23. While the People's Bank of China will continue to ease lending conditions, to bring about recovery in …

China's GDP expected to grow at around 4% in Q3
1 year, 2 months ago

China's GDP expected to grow at around 4% in Q3

China Daily  

A view of Beijing's CBD area. The country's industrial production sentiment has improved, and industrial production is expected to increase by 4.3 percent in September, said Zhang Wenlang, chief macroeconomic analyst with investment bank China International Capital Corp. In terms of consumption, the growth rate of total retail sales of consumer goods is expected to rebound to about 5.5 percent …

China’s premier says economic growth is accelerating and the country can hit its 5% target this year
1 year, 6 months ago

China’s premier says economic growth is accelerating and the country can hit its 5% target this year

Associated Press  

BEIJING — China’s No. 2 leader said Tuesday that economic growth accelerated in the latest quarter and expressed confidence it can hit the ruling Communist Party’s official target of 5% for the year. Premier Li Qiang, speaking at a conference in the eastern city of Tianjin, gave no figure for the three months ending in June but said it was …

Vietnam economy slows on rising costs, weaker exports
1 year, 9 months ago

Vietnam economy slows on rising costs, weaker exports

Associated Press  

HANOI, Vietnam — Vietnam’s economy slowed sharply in the first quarter of this year, with growth coming in at a much weaker than expected 3.3%, as its exporters were hit by rising costs and weaker demand, the General Statistics Office reported Wednesday. The decline is “a stark one which underscores the severity of the issue,” and is why the central …

China Premier Warns 2023 Growth Target 'No Easy Task'
1 year, 9 months ago

China Premier Warns 2023 Growth Target 'No Easy Task'

News 18  

China’s new premier warned Monday that the country’s five-percent growth target for 2023 would not be “easy” to achieve, as its rubber-stamp parliament wrapped up over a week of meetings. The government set the economic growth target of “around five percent” this month, one of the lowest in decades as China emerged from strict zero-Covid rules that dragged on its …

China's new Premier Li Qiang says achieving 5% GDP target this year not easy
1 year, 9 months ago

China's new Premier Li Qiang says achieving 5% GDP target this year not easy

The Hindu  

China's new Premier Li Qiang on March 13 said achieving the 5% GDP target for the slowing down economy is not an easy task and requires redoubled efforts but assured the country's tattered private sector better environment, broader space for development. He acknowledged that achieving the 2023 gross domestic product growth target of around 5% for this year on the …

China sets this year’s economic growth target at ‘around 5%'
1 year, 10 months ago

China sets this year’s economic growth target at ‘around 5%'

Associated Press  

BEIJING — China’s government announced plans for a consumer-led revival of the struggling economy as its legislature opened a session Sunday that will tighten President Xi Jinping’s control over business and society. Premier Li Keqiang, the top economic official, set this year’s growth target at “around 5%” following the end of anti-virus controls that kept millions of people at home …

Nation reaffirms pro-growth stance for 2023
1 year, 10 months ago

Nation reaffirms pro-growth stance for 2023

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. In 2022, the government had to under-implement spending to meet the broad budget deficit target of 7.4 percent of GDP, because of revenue shortfalls. The combined total revenue from the general public budget and government funds budget dropped 6.3 percent because of a 23 percent plunge in land sales revenue, …

China’s economic growth falls to 3%, gradually reviving
1 year, 11 months ago

China’s economic growth falls to 3%, gradually reviving

Associated Press  

BEIJING — China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. Economic growth sank to 2.9% over a year earlier in the three months ending in …

China’s economic growth accelerates but weak amid shutdowns
2 years, 2 months ago

China’s economic growth accelerates but weak amid shutdowns

Associated Press  

BEIJING — China’s economic growth accelerated in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a downturn while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world’s second-largest economy grew by 3.9% over a year earlier in the three months ending in …

China cuts economic growth goal as it tries to reverse slump
2 years, 10 months ago

China cuts economic growth goal as it tries to reverse slump

Associated Press  

BEIJING — China on Saturday cut its annual economic growth target to its lowest level in decades as Beijing struggles to reverse a slump at a time when Russia’s war on Ukraine is pushing up oil prices and roiling the global economy. The ruling Communist Party will aim for “around 5.5%” growth this year, down from last year’s 8.1% expansion, …

Lawmakers to stress stability, infra investments
2 years, 10 months ago

Lawmakers to stress stability, infra investments

China Daily  

Two Customs officials watch a crane load an export-bound container onto the vessel Maersk Danube at the Ningbo-Zhoushan Port in East China's Zhejiang province on Jan 25. Two sessions likely to ponder 5.5% GDP target amid recovery and tech advances China Construction Second Bureau Installation Engineering Co Ltd, a Beijing-based construction company, began this year on a confident note, landing …

Expert: 2022 GDP growth 'around 5.5%' achievable
3 years ago

Expert: 2022 GDP growth 'around 5.5%' achievable

China Daily  

China might set the annual economic growth target at "around 5.5 percent" for 2022, a level that is achievable amid mild policy easing and will help anchor market expectations, said a leading economist. "It is most likely for policymakers to set next year's GDP growth target at around 5.5 percent," said Hu Yifan, regional chief investment officer and head of …

China fixes over 6 per cent as target for GDP in 2021
3 years, 10 months ago

China fixes over 6 per cent as target for GDP in 2021

India TV News  

China aims to expand its gross domestic product by over six per cent in 2021, with more efforts on reform, innovation and high-quality development, Chinese Premier Li Keqiang announced at the National People’s Congress,, the country’s Parliament on Friday. China’s economy, which was the first to be hit by the coronavirus pandemic and early to recover from its impact, grew …

Impetus to growth will recover more this year
4 years ago

Impetus to growth will recover more this year

China Daily  

The gradual waning of COVID-19 in China last year, the normalization of the country's unconventional fiscal and monetary policies, the adjustment of its development strategies, and the rise of new growth drivers will become the most essential forces deciding the nation's economic operations this year. The country's real GDP growth rate for the full year will be significantly higher than …

2019 Government Work Report: What the experts say
5 years, 10 months ago

2019 Government Work Report: What the experts say

China Daily  

China unveiled growth targets and reform measures for 2019 on Tuesday — the 70th anniversary of the founding of the People's Republic of China and a "crucial year" in the country's endeavor to build a moderately prosperous society in all respects by 2020. China's GDP growth target was set for a range of 6-6.5 percent this year, slightly lower than …

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