Reported 4 days ago
In his New Year's address, Chinese President Xi Jinping announced that China's GDP for 2024 is expected to surpass 130 trillion yuan and emphasized the implementation of more proactive economic policies in 2025 to spur growth. Despite ongoing challenges like a sluggish property market and local government debt, Xi expressed confidence in overcoming these hurdles through hard work and a commitment to high-quality development. The government plans to adopt a looser monetary policy, increase bond issuance, and maintain a growth target of around 5% for the upcoming year.
Source: YAHOO