China sets ambitious economic target for 2024

China has announced an ambitious economic target for the year 2024, aiming to achieve a GDP growth rate of 5.5% annually. This target comes as part of the country’s ongoing efforts to boost its economy and maintain its position as a global economic powerhouse.

In addition to the GDP growth target, China also aims to create at least 11 million new urban jobs each year and keep the urban unemployment rate below 5.5%. These goals are part of the country’s broader strategy to promote sustainable economic growth and ensure that all segments of society benefit from its economic development.

To achieve these targets, China plans to implement a range of policy measures, including increased investment in infrastructure, promotion of innovation and technology, and continued opening up of its economy to foreign investment. The country also aims to improve its business environment, strengthen its financial sector, and enhance its social safety net to support economic growth.

Despite challenges such as the ongoing COVID-19 pandemic and global economic uncertainty, China remains confident in its ability to meet these ambitious economic targets. With its strong track record of economic growth and resilience, the country is well-positioned to overcome obstacles and continue on its path to becoming a world-leading economy.