China’s 2024 growth meets official 5% target on stimulus bump
China’s economy achieved its annual growth target of 5% for 2024, helped by a late-year stimulus and boosted exports before US tariffs. Industrial production surged by 6.2% in December, though domestic demand remained weak with modest retail sales growth and rising unemployment. Further fiscal measures are expected to support the economy amid external challenges.
China’s economy achieved its annual growth target of 5% for 2024, helped by a late-year stimulus and boosted exports before US tariffs. Industrial production surged by 6.2% in December, though domestic demand remained weak with modest retail sales growth and rising unemployment. Further fiscal measures are expected to support the economy amid external challenges.
