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 of around 5 percent is achievable. On exports, Liu noted China's foreign trade with countries involved in the Belt and Road Initiative is expanding from traditional export markets to broader regions, and exports of the "new three" — passenger electric vehicles, lithium-ion batteries and solar cells — will continue to support the steady growth in foreign trade. China's official purchasing managers index for the manufacturing sector stood at 50.4 in April versus 50.8 in March, NBS data showed, above the 50-point mark that separates growth from contraction.

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