Experts had broadly predicted this rate of growth. The World Bank said lower borrowing costs and rising exports would mean China could achieve annual growth of 4.9%.
fredag 17. januar 2025
Three reasons Trump tariffs aren't China's only problem
China's economy rebounded in the last three months of last year, allowing the government to meet its growth target of 5% in 2024, Beijing announced on Friday. But it is one of the slowest rates of growth in decades as the world's second largest economy struggles to shake off a protracted property crisis, high local government debt and youth unemployment. The head of the country's statistics bureau said China's economic achievements in 2024 were "hard won," after the government launched a slew of stimulus measures late last year. Beijing has rarely missed its growth targets in the past.
Experts had broadly predicted this rate of growth. The World Bank said lower borrowing costs and rising exports would mean China could achieve annual growth of 4.9%.
Experts had broadly predicted this rate of growth. The World Bank said lower borrowing costs and rising exports would mean China could achieve annual growth of 4.9%.
