China’s National Bureau of Statistics (NBS) doubled down on its 2024 economic roadmap this week, expressing confidence it can hit its 5% annual growth target despite global uncertainties. 🌍💼 Spokesperson Liu Aihua highlighted a \"solid start\" in January and February, with consumer trends, infrastructure projects, and tech innovation acting as key drivers.
\"The economy is like a high-speed train gaining momentum,\" Liu said at a press briefing, pointing to rising demand for travel, a surge in electric vehicle sales, and booming AI-driven industries. 🚄💡 New policies—like subsidies for green tech and upgrades to manufacturing equipment—are expected to fuel growth further.
But it’s not all smooth sailing. Liu acknowledged challenges like sluggish global demand and domestic market gaps, urging \"enhanced policy implementation\" to stabilize recovery. Still, with youth unemployment dropping and retail sales climbing, analysts say China’s economic playbook could offer lessons for emerging markets. 📊✨
Reference(s):
cgtn.com