Experts and business insiders worldwide are expressing confidence in China's long-term economic growth. They highlight that the Chinese government's 2024 GDP growth target of around 5 percent is realistic and aligns with the country’s current economic trajectory.
The Chinese premier, Li Qiang, announced this target during his government work report at the second session of the 14th National People's Congress (NPC). He emphasized China's strong foundation for economic development, citing distinctive institutional strengths, a vast market, a comprehensive industrial system, a highly skilled workforce, and an increasing capacity for scientific and technological innovation.
This optimistic outlook is supported by China’s ability to leverage its large domestic market and innovate within key industries, positioning the nation for sustained growth in the coming years. Business leaders believe that these factors demonstrate the government's rational, objective, and pragmatic approach to economic governance.
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Experts, business insiders optimistic about China's economic prospects
cgtn.com
