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China's economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
China's economy expands 5% in 2024, reaching target helped by strong exports, stimulus measures
HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures. In quarterly terms, the economy 5.4% in October-December, the government reported Friday.
Stock market today: Asian shares are mixed after China's economy hit its 5% growth target in '24
Shares are mixed in Asia after China reported that its economy grew at a 5% annual pace last year, hitting the government's target but slowing from the year before
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive. A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,
Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.
China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year.
The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO had been temporarily detained, deepening concerns about China's embattled property sector.
China’s economy expanded by 5.4 per cent in the fourth quarter year on year, the National Bureau of Statistics said on Friday.
Hong Kong Museum of Art launches exhibition featuring works by Impressionist Pierre-Auguste Renoir and Post-Impressionist Paul Cézanne.
China’s economy expanded by 5.4% in the last three months of 2024, the National Bureau of Statistics said on Friday.
China's economy grew 5% in 2024, meeting its growth target of around 5%.
China's central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample liquidity as it tries to stimulate the economy and soften the impact of geopolitical uncertainties.
Liaison office director Zheng Yanxiong calls for innovation, while Chief Executive John Lee vows bold steps Beijing's top envoy in Hong Kong has urged the city to broaden its links with the outside world to maintain its internationalisation,
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