BEIJING (Reuters) – China will step up adjustments to its economic policy this year, Zheng Shanjie, head of state economic planning, said on Wednesday, judging that the government’s growth target for 2024 is consistent with Chinese economic potential. ‘around 5%.
Speaking to the press on the sidelines of the annual meeting of Parliament, Zheng Shanjie, who chairs the National Development and Reform Commission (NDRC), said he anticipated China’s economic performance in the first quarter.
“The trend of economic recovery will be consolidated and strengthened,” he said.
“This year, we will strengthen the regulation and supervision of macroeconomic policies, as well as financial, tax, monetary, employment, industrial, regional and other policies,” he added.
Premier Li Qiang presented in his first work report to the National People’s Congress on Tuesday an economic growth target of around 5 percent for 2024, which many analysts say is ambitious unless the government does not put in place much larger stimulus measures.
(Kevin Yao and Albee Zhang; Nicolas Delame, edited by Kate Entringer)
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