Chinese leader Xi Jinping has doubled down on efforts to achieve the country’s 2024 economic goals, urging collaboration across sectors to sustain recovery momentum. 🌏 At a high-level symposium with non-CPC parties and business leaders this week, the General Secretary of the CPC Central Committee emphasized innovation, market reforms, and ‘high-quality development’ as keys to hitting China’s 5% GDP growth target.
🔍 With the economy expanding by 5% year-on-year in H1 2024, Xi stressed the need to ‘accelerate new quality productive forces’ – think tech-driven industries and green energy – while addressing challenges like weak market confidence. Over 10 representatives from non-CPC groups pitched ideas, from boosting private sector innovation to expanding international trade ties.
💡 ‘Difficulties are temporary, but our strategic resolve isn’t,’ Xi said, highlighting plans to roll out major reforms outlined at the CPC’s upcoming 20th Central Committee meeting. Premier Li Qiang also shared updates on stimulus measures aimed at stabilizing jobs and consumer spending.
📊 Analysts say hitting the 5% target will rely on balancing state-led investments with grassroots entrepreneurship – a vision echoed by Xi’s call for ‘vibrancy in all market entities.’ With global eyes on China’s next moves, this collaboration-first approach could redefine Asia’s economic playbook.
