The National Bureau of Statistics (NBS), China’s chief governmental data compiler ... While meeting the annual GDP target – set at “about 5 per cent” at the opening session of the national ...
chief Greater China economist at ANZ Bank. He noted that to meet the government’s pledge of doubling 2020 GDP by 2035, an average annual growth rate of around 4.7 per cent would be required.
China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target.