The National Development and Reform Commission (NDRC) has announced that China's economy is set to sustain its recovery momentum through November and December 2024. In a recent press conference, NDRC spokesperson Li Chao highlighted the effectiveness of the country's comprehensive policy toolkit in driving economic growth.
Li emphasized that the NDRC is collaborating closely with various stakeholders to meet the full-year growth target of approximately 5 percent. This coordinated effort is bolstered by a surge in market confidence and heightened expectations among business entities since September.
Economic indicators reflect a positive outlook, with an uptick in companies' willingness to invest and expand production. Data from the National Bureau of Statistics revealed that China's GDP grew by 4.8 percent year-on-year in the first three quarters of 2024, showcasing resilience despite both domestic and international challenges.
As China continues to navigate the complexities of the global economy, the sustained investment and production drive are key factors contributing to the ongoing recovery. The NDRC remains committed to implementing strategies that support long-term economic stability and growth.
Reference(s):
NDRC: China's economy to sustain recovery in November & December
cgtn.com
