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China's Goal

09 Mar 20245 minute
China's Goal

In a move widely expected by economists, China’s government set an official GDP growth target of “around 5%” for 2024, mirroring last year’s objective. Analysts were quick to point out that the goal will be harder to achieve than in 2023, when growth, which came in at 5.2%, was helped by a low base effect due to pandemic restrictions in 2022.

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