China's GDP Expected to Grow by 5% in the Second Quarter, Focusing on Domestic Demand

Reported about 1 year ago

China's economic data for the first half of 2024, including GDP growth rate, will be announced on July 15. Experts anticipate stable economic performance in the second quarter, driven by recovering external demand, sustained consumption growth, and stable investment. Despite challenges in the real estate and consumption sectors, strong export performance and manufacturing industry investment are expected to support GDP growth, possibly maintaining or slightly increasing the first quarter's 5.3% growth rate. Experts are optimistic about the second-quarter economic growth, with forecasts ranging from 5% to 5.1%, aiming to surpass the annual target of 'around 5%'. Ways to boost domestic demand are highlighted as a key focus for the second half of the year.

Source: YAHOO

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