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Tuesday, October 8, 2024

Chinese authorities are “fully confident” of achieving growth targets for 2024

Chinese authorities are “fully confident” of achieving growth targets for 2024

Cheng Shanjie, Chairman of the National Development and Reform Commission, confirmed during a press conference in BeijingHe said: “We are fully confident of achieving our economic and community development goals this year.”

“We also have full confidence in the pursuit of stable, healthy and sustainable development,” he added.

This conference was eagerly awaited, because Investors They hoped for new measures to revive Economy Ten days after the first package taken by the authorities to stimulate the economy, which led to significant rises in the stock markets.

The world’s second-largest economy has set itself a growth target for this year of 5 percent, a number that many analysts consider optimistic because the country is still struggling to emerge from the repercussions of the Covid pandemic.

On Tuesday, stock markets opened Shanghai Shenzhen is at increases of more than 10 percent after it stopped for a week due to a series of public holidays in mainland China.

After various measures taken in recent months that did not have any clear impact on the economy, the authorities revealed Chinese At the end of September, he announced a series of measures unprecedented in years, including lowering interest rates and making more mortgage loans available.

This package of measures caused stock markets in Hong Kong and mainland China to rise by more than 20 percent.



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