Current location:Global Gaze news portal > travel
China's local 'two sessions' convey confidence in 2024 economy
Global Gaze news portal2024-05-19 13:07:59【travel】6People have gathered around
IntroductionAs provincial-level governments across China unveil their gross domestic product (GDP) targets for 2
As provincial-level governments across China unveil their gross domestic product (GDP) targets for 2024 at local "two sessions" meetings, the confidence in the steady growth of the Chinese economy is evident.
Local "two sessions" are the annual meetings of provincial-level lawmakers and political advisors, during which plans for local economic and social development in the year ahead are discussed.
To date, more than two-thirds of the provincial-level regions have unveiled their growth targets for 2024. Most of them have set a target of more than 5 percent.
Hainan and Xizang set a growth target of about 8 percent for this year. South China's Guangdong Province, an economic powerhouse that accounts for about one-tenth of the country's GDP, targets regional GDP growth of 5 percent for 2024 after its size hit 13.57 trillion yuan ($1.91 trillion) last year.
The financial hub of Shanghai set its annual GDP growth target at about 5 percent for 2024. Sichuan Province in southwest China and several other provinces target a growth rate of about 6 percent.
These economic outlooks indicate the overall sentiment in the country and offer a glimpse into how the national "two sessions," the annual meetings of China's top legislature and top political advisory body scheduled for March, will play out.
Despite massive external pressure and some internal difficulties, China's economy recovered steadily in 2023 and achieved 5.2 percent year-on-year growth. The figure beat the national target and provided good news for China and the world.
Enhancing the positive trend of China's economic recovery has undoubtedly become a key point in local government work reports. To carry out major projects in infrastructure and industry, promote private investment and expand consumption are among the highlights of local government plans.
To meet this year's growth targets, provinces, autonomous regions and municipalities have also pledged to deepen reform further, optimize their business environments, energize market entities, and boost internal forces that are driving development.
Shanghai will in 2024 aim to further accelerate its bid to become a leading international center in terms of economy, finance, trade, shipping and technological innovation. The city will also implement a new round of business environment reforms featuring 150 measures.
The promotion of higher-standard opening-up and the stabilization of the overall performance of foreign trade and foreign investment have also been mentioned frequently during the local "two sessions."
As the country's gateway to the Association of Southeast Asian Nations (ASEAN), south China's Guangxi Zhuang Autonomous Region has pledged to expand its opening-up and its in-depth cooperation with ASEAN members while optimizing its foreign trade structure.
Overall, the figures that have been released demonstrate the strong resilience, massive potential and great vitality of the Chinese economy, heralding a steady and continuous pickup in China's economy in the year ahead.
Address of this article:http://iraq.shellye-mcdaniel.com/article-09f599914.html
Very good!(3)
Related articles
- WNBA to see if Vegas tourism can sponsor Aces players for $100K
- Broadway's superstar couple Orfeh and Andy Karl announce split after 23 years of marriage
- FIFA members to vote on the host of the 2027 Women's World Cup
- F1 driver Alex Albon signs a multiyear contract extension with Williams
- Over 4,000 species affected by wildlife trafficking: UN report
- Caitlin Clark's WNBA debut dwarfs betting on last year's clinching game in the finals
- Kroos criticizes match officials for offside call in Bayern
- Broadway's superstar couple Orfeh and Andy Karl announce split after 23 years of marriage
- Brits face summer holiday chaos as Majorcans crank up their anti
- Welcome to Wrexham is officially renewed for a fourth season
Popular articles
- MLB is expected to investigate David Fletcher for gambling on sports, AP source says
- Trevor Rogers and the Marlins bullpen shut out the Tigers for the second straight day in a 2
- Marvel selects a final title for WandaVision spin
- The US Open men's final is shifting to ABC this year. The women's final will stay on ESPN
Recommended
Chinese FM spokesperson briefs on new round of China
Guatemalan court orders release of journalist jailed for nearly 2 years on money laundering charges
Peterka scores twice for Germany in 8
Curran's all
Macron hosts Xi at mountain restaurant in picturesque southern France
Ant McPartlin's adorable nickname for his wife Anne
Pakistani court grants bail to Imran Khan in a graft case. But he won't be released just yet
Caitlin Clark's WNBA debut dwarfs betting on last year's clinching game in the finals
Links
- Zara Tindall and her husband Mike share a loved
- Nebraska lawmakers end session, leaving taxes for later
- Even with John Schneider still in charge a new era arrives for Seahawks entering 2024 NFL draft
- Judge in Trump case orders media not to report where potential jurors work
- Carlos Carrasco pitches solid into the 6th inning, Guardians edge Red Sox 5
- Packers sign former Tennessee Titans offensive tackle Andre Dillard
- Ibotta IPO: Shares of Walmart
- Lions are not looking for a starter in the NFL draft for a change, coming off successful season
- Alex Jones shares health update after her son Kit, four, was hospitalised to undergo surgery
- Judge denies request for Bob Baffert