Published: 2:10pm, 31 Dec 2024Updated: 3:07pm, 31 Dec 2024
China’s economy is expected to have grown around 5 per cent this year, President Xi Jinping said on Tuesday, according to state news agency Xinhua.
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Xi also pledged to take more proactive measures to support the economy next year.
He made the comments while delivering a speech at a New Year’s reception held by the Chinese People’s Political Consultative Conference (CPPCC), the top advisory body.
China will deepen its reform, expand opening up, and coordinate development and security, Xi added.
He said that despite both domestic and international challenges, the country had worked to reach its main socioeconomic development goals and targets this year.
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Xi also issued a rallying call to maintain strategic focus. China is bracing for economic headwinds and geopolitical challenges, especially Donald Trump’s second term as US president.