China’s economy hits 5% growth target but rate among slowest in decades
Latter part of 2024 ‘recovered remarkably’ after stimulus measures, says National Bureau of Statistics
China’s economy grew by 5% in 2024, in line with government targets but at the slowest rate since 1990 outside the Covid pandemic, according to official data.
Growth accelerated through the year, with an expansion of 5.4% in the final quarter, up from 4.6% in the third quarter, according to Beijing’s National Bureau of Statistics. Continue reading...
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