China Sets Economic Growth Target of 'Above 6%' for 2021
3 years, 9 months ago

China Sets Economic Growth Target of 'Above 6%' for 2021

News 18  

China’s leaders set an economic growth target of “above 6 percent” for 2021 on Friday, at the opening of the country’s annual legislative session. Based on many analysts’ forecasts, China’s economy is expected to grow around 8 percent to 9 percent this year, said OCBC Bank’s head of Greater China research Tommy Xie. Apart from a growth target, China’s authorities are also looking to create over 11 million new urban jobs, and keep a surveyed urban unemployment rate of around 5.5 percent, according to Li’s speech. China also set the budget deficit ratio at “around 3.2 percent” — slightly lower than last year’s figure.

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China's leaders vow more 'relaxed' monetary policy in 2025
Trending News
2 weeks, 2 days ago

China's leaders vow more 'relaxed' monetary policy in 2025

New Indian Express  

BEIJING: Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. The world's second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth …

China's economy to sustain recovery in Nov-Dec: NDRC
1 month ago

China's economy to sustain recovery in Nov-Dec: NDRC

China Daily  

Xinhua | Updated: 2024-11-19 11:20 BEIJING - China's economy is expected to maintain its recovery momentum in November and December thanks to the effectiveness of the country's policy toolkit, the National Development and Reform Commission said on Tuesday. The commission, the country's top economic planner, is working with other parties to achieve the full-year growth target, said NDRC spokesperson Li …

China on track to reach growth targets
1 month, 1 week ago

China on track to reach growth targets

China Daily  

A visitor touches the finger of a mechanical hand at a booth at the 26th China High-Tech Fair in Shenzhen, South China's Guangdong province, Nov 15, 2024. China has "full confidence" that it will meet the growth targets for this year and remain the biggest engine of world economic growth, President Xi Jinping said on Friday, reaffirming Beijing's pledge to …

GDP goal to be met on positive cues
1 month, 1 week 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, …

China's Growth: A Catalyst for Global Prosperity
1 month, 2 weeks ago

China's Growth: A Catalyst for Global Prosperity

China Daily  

China's growth is vital for global development, and the country will promote mutually beneficial cooperation and development to counter the zero-sum games being played by some Western economies. The expansion and structural optimization of China's economy will have a significant impact on global economic growth, with every 1 percentage point increase in China's growth rate boosting global economic growth by …

Growth target within reach on policy effort
2 months 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 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's new growth drivers further gain momentum: index
3 months, 3 weeks ago

China's new growth drivers further gain momentum: index

China Daily  

A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province. BEIJING -- China's new growth drivers have gained momentum last year as the country continued efforts to foster economic vitality and encourage technological innovation, official data showed Saturday. The reading suggested that the country's new growth drivers, featured by new industries, new business forms and models, …

China on track to reach economic growth goal
4 months 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 …

New economic model set to boost strength
5 months ago

New economic model set to boost strength

China Daily  

China will likely pursue a new economic model to drive a smooth transition in growth engines, potentially providing an alternative solution to the global challenge of low productivity growth, according to leading economists and executives. "I think this is really very unique, what I will call the China model or China economic model," said Zhu Min, former deputy managing director …

China's economic performance resilient amid challenges
5 months, 1 week ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

China's economic performance resilient amid challenges
5 months, 1 week ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

Chinese economy gathers steam amid targeted policy mix
5 months, 1 week ago

Chinese economy gathers steam amid targeted policy mix

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. BEIJING - Multiple indicators have pointed to improved performance of the Chinese economy in the first half, signaling sustained recovery momentum as the country navigates hurdles and headwinds with a targeted policy mix. Speaking at a symposium on the economic situation last week, Premier Li Qiang said that the …

China's economic growth sharply below forecast in last quarter as consumer demand weakens
5 months, 1 week ago

China's economic growth sharply below forecast in last quarter as consumer demand weakens

India TV News  

China’s economy grew at a slower-than-forecast 4.7 per cent annual rate in the last quarter, the government said on Monday. The world's second-largest economy grew 4.7 per cent in April-June, official data showed, its slowest since the first quarter of 2023 and missing a 5.1 per cent analyst forecast in a Reuters poll. United Nations' projections for India The United …

Economists say H1 GDP likely to top 5%
5 months, 2 weeks ago

Economists say H1 GDP likely to top 5%

China Daily  

China's economy will likely expand by over 5 percent in the first half of this year amid strong policy stimulus, robust industrial production and stable external demand, providing a solid base for achieving its annual growth target of around 5 percent, economists said on Monday. "China's economy has made a good start at the beginning of the year and the …

Effective policy to steer economy forward
5 months, 3 weeks ago

Effective policy to steer economy forward

China Daily  

Employees work on the production line of a textile company in Ganzhou, Jiangxi province. China's economy is on track for steady recovery in the second half given effective policy stimulus measures and thriving new growth drivers, said economists and executives. The Caixin China General Manufacturing Purchasing Managers' Index rose to 51.8 in June from 51.7 in May, the highest level …

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
6 months, 3 weeks ago

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth

Associated Press  

The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector. …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY China's economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for achieving its preset growth target of around 5 percent for 2024, said economists and global executives. Looking ahead, Liu said she believes China's 2024 annual growth target …

China continues to create jobs, pledges continued enhancement
8 months ago

China continues to create jobs, pledges continued enhancement

China Daily  

The photo shows job-hunters attend the recruitment fair held in Hangzhou, Zhejiang province, March 5. China created 3.03 million new urban jobs in the first quarter of the year, completing its corresponding target set in this year's government work report, said the Ministry of Human Resources and Social Security on Tuesday. The national urban surveyed unemployment rate stood at 5.2 …

China's economy beats expectations, grows at 5.3% in first quarter: Top points
8 months, 1 week ago

China's economy beats expectations, grows at 5.3% in first quarter: Top points

Hindustan Times  

China’s economy beat expectations in the first quarter receiving a boost from policies and an increase in demand, the government said. China's economy has struggled to bounce back from the Covid pandemic as a slowdown in demand and a property crisis in the country has weighed on its growth prompting policymakers to introduce a raft of fiscal and monetary policy …

Basic trend of country's long-term economic growth has not changed
8 months, 1 week ago

Basic trend of country's long-term economic growth has not changed

China Daily  

Photo taken on April 12, 2024 show mascots and the logo of the 135th session of the China Import and Export Fair, also known as the Canton Fair, in Guangzhou, Guangdong province. China's economy grew by 5.2 percent year-on-year in 2023, 2.2 percentage points higher than in 2022, and also faster than the average growth rate of 4.5 percent during …

China reports 5.3% GDP growth for Q1
8 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

China reports 5.3% GDP growth for Q1
8 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

Economist predicts further upswing for economy
8 months, 2 weeks ago

Economist predicts further upswing for economy

China Daily  

China's economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country's growth target of around 5 percent for 2024 is achievable, according to a renowned economist. Huang Yiping, dean of Peking University's National School of Development, told China Daily in an exclusive interview that the nation's economy is relatively stable, with better-than-expected …

Nation's growth target seen as achievable, appropriate
8 months, 3 weeks ago

Nation's growth target seen as achievable, appropriate

China Daily  

This aerial photo taken on June 10, 2023 shows the night view of the urban areas in Guangzhou, South China's Guangdong province. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center …

China's growth target achievable, appropriate, economist says
8 months, 3 weeks ago

China's growth target achievable, appropriate, economist says

China Daily  

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center for Sustainable Development at Columbia University, said in an exclusive …

China’s Xi meets foreign business leaders amid jitters over economy
8 months, 4 weeks ago

China’s Xi meets foreign business leaders amid jitters over economy

Al Jazeera  

Meeting comes as Beijing seeks to woo foreign investment after a challenging few years for world’s No 2 economy. Taipei, Taiwan – Chinese President Xi Jinping met with American business leaders and academics at Beijing’s Great Hall of the People, state media has reported, as he tries to woo foreign investment back to China after a challenging few years for …

Chinese economy belies scaremongers: China Daily editorial
9 months ago

Chinese economy belies scaremongers: China Daily editorial

China Daily  

The high growth rate the Chinese economy maintained for the majority part of the past four decades seems to have made some take it for granted. They therefore view the 5.2 percent year-on-year growth of the Chinese economy last year from a glass-half-empty perspective. Yet China's economic growth rate is markedly higher than those of other major economies, including the …

China's economy has braved obstacles in the past, and will continue to do so
9 months ago

China's economy has braved obstacles in the past, and will continue to do so

China Daily  

JIN DING/CHINA DAILY Some Western politicians and institutions recently invented the "Peak China "theory, arguing that China's development has peaked. Despite Western countries claiming over the past decade that China's development is disappointing and will collapse, the economy has been continually developing, even under pressure, and scaling new heights. Some people believe China's total population has already peaked, and the …

China on track for sustained growth
9 months ago

China on track for sustained growth

China Daily  

Technicians run tests on manufacturing robots at a workshop in Zhangjiagang, Jiangsu province, in February. This vast population not only offers abundant labor resources but also generates substantial consumer demand, creating a massive market advantage and providing extensive development opportunities and multiple possibilities for economic growth. China's current phase of rapid development in new industrialization, informatization, urbanization, and agricultural modernization …

'Opportunity China' can spur momentum of global growth
9 months, 2 weeks ago

'Opportunity China' can spur momentum of global growth

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. The Government Work Report released at the annual gathering of the country's top legislature on Tuesday has conveyed a message to foreign enterprises and investors that they should not miss the opportunities that China will continuously create in its pursuit of high-quality development. Taking into account the …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
9 months, 2 weeks ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

China pushes for 5% GDP growth
9 months, 2 weeks 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
9 months, 2 weeks 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
9 months, 2 weeks 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
9 months, 2 weeks 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
9 months, 2 weeks 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
9 months, 2 weeks 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 to remain top contributor to global growth in 2024: IMF
10 months, 3 weeks ago

China to remain top contributor to global growth in 2024: IMF

China Daily  

Despite a moderate slowdown, China's economy will remain the largest contributor to global growth in 2024, said Steven Barnett, senior resident representative of the International Monetary Fund in China. "China would still be the single-largest contributor to contribute over one-quarter of global growth this year," Barnett said in an exclusive interview with China Daily, adding that the over-a-quarter contribution is …

China to remain top contributor to global growth in 2024: IMF
10 months, 3 weeks ago

China to remain top contributor to global growth in 2024: IMF

China Daily  

Despite a moderate slowdown, China's economy will remain the largest contributor to global growth in 2024, said Steven Barnett, senior resident representative of the International Monetary Fund in China. "China would still be the single-largest contributor to contribute over one-quarter of global growth this year," Barnett said in an exclusive interview with China Daily, adding that the over-a-quarter contribution is …

Chinese shudders: Fewer people is bad news
11 months ago

Chinese shudders: Fewer people is bad news

Live Mint  

For an economy already caught in a slowdown, Wednesday’s release of China’s population data made it a double whammy. China’s covid toll was estimated at about 11.1 million last year and 10.4 million in 2022. It now faces an adverse demographic turn, with fewer people who can contribute to economic activity even as an elderly bulge adds to its welfare …

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
11 months, 1 week 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 …

World Bank, ADB project China GDP growth of 5.2% in 2023
1 year ago

World Bank, ADB project China GDP growth of 5.2% in 2023

China Daily  

A view of Beijing's CBD area. The World Bank has predicted China's economy will have grown 5.2 percent in 2023, with momentum expected to stabilize in the near term, propelled by a gradual recovery of consumer sentiment and policy stimulus. As global growth is projected to remain tepid at 2.4 percent next year, the world's second-largest economy is expected to …

Chinese factory activity contracts in October as pandemic recovery falters
1 year, 1 month ago

Chinese factory activity contracts in October as pandemic recovery falters

Associated Press  

HONG KONG — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing. The non-manufacturing PMI …

China’s economic growth target of 5% for 2023 at risk due to property crisis
1 year, 2 months ago

China’s economic growth target of 5% for 2023 at risk due to property crisis

Live Mint  

China will just about meet its economic growth target of around 5% for this year, the latest Bloomberg survey shows, although the ongoing property crisis is raising the risk of a miss. “The real estate sector will continue to be under mounting pressure” despite recent government efforts to support property, said analysts at Poseidon Partner, a Hong Kong-based investment firm. …

China skips giving update on surging youth unemployment as economic slump deepens
1 year, 4 months ago

China skips giving update on surging youth unemployment as economic slump deepens

Associated Press  

BEIJING — China’s government skipped giving an update on a politically sensitive spike in unemployment among young people as official data Tuesday showed an economic slump deepened in July. Growth in factory output slowed to 3.7% from 4.4%, according to Tuesday’s data, as export demand plunged after U.S. and European central banks raised interest rates to cool inflation. “But that …

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