China’s 2024 GDP growth target of around 5% is within reach with \"improved effort,\" said Zheng Shanjie, head of the National Development and Reform Commission (NDRC), during a press conference on Wednesday. 💼 The announcement came as part of discussions at the ongoing session of the National People’s Congress in Beijing.
Zheng emphasized that China has the \"confidence, capabilities, and conditions\" to hit its economic targets this year. 🌏 The goal aligns with the 14th Five-Year Plan (2021-2025), which aims to balance growth potential with sustainable development. 📈
Highlighting recent momentum, Zheng pointed to buzzing hubs like Shenzhen’s Shuibei market—a gold jewelry trade hotspot—as examples of local economic vitality. 💎 Analysts say the 5% target reflects both global uncertainties and China’s push for innovation-driven growth.
The press conference also covered updates on financial reforms, budget plans, and efforts to attract overseas investors. 🤝 While challenges remain, officials remain optimistic about China’s role as a stabilizing force in Asia’s economy.
