China unveils ‘ambitious’ economic goals ...News

The 2024 GDP target has been set at around 5%, despite economic challenges at home and worldwide Chinese Premier Li Qiang on Tuesday unveiled the country’s economic development program for 2024, promising steps to “transform” the national growth model and eliminate risks brought about by a recent slew of bankruptcies in the property sector. In his speech to the annual meeting of the National People’s Congress in Beijing, Li said the country’s gross domestic product (GDP) target for this year would be set at “around 5%.” Li noted that the government would also work on lowering urban unemployment to 5.5% and plans t

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