The Beijing Hour China meets economic growth target in 2024
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Jan 17, 2025 Liu Baocheng, Dean of the Center for International Business Ethics, provides an expert analysis on China's impressive economic growth, which hit 5% in 2024. He discusses the stability and resilience of Chinese companies amid global challenges, as well as government efforts to stimulate consumption. The conversation also touches on the successful disaster relief operations in quake-hit Xizang and implications of U.S. chip restrictions on trade. Liu highlights the broader economic landscape, including low inflation and positive trends in various industries.
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China's 2024 Economic Performance
- China met its 5% GDP growth target for 2024 despite external and domestic challenges.
- High-quality development advanced, but external factors and domestic demand issues persist.
China's Foreign Trade Resilience
- China's foreign trade remained strong in 2024 despite a slow global economy.
- This resilience is attributed to policies supporting foreign trade enterprises and promoting stable growth.
Positive Economic Indicators for China
- China's 5% GDP growth in 2024, especially progress in the last quarter, is encouraging.
- Increased consumption, reduced unemployment, and government policies indicate a robust and resilient economy.