China pushes for macro policies, 5% GDP growth

Premier Li Qiang delivers the Government Work Report at the opening meeting of the second session of the 14th National People's Congress. — China Daily

BEIJING: China aims to see economic expansion at around 5% for 2024, unchanged from last year, as the world’s second-largest economy will leverage intensified and targeted macro policies to sustain stable growth, according to the Government Work Report.

The country pledged to pursue a proactive fiscal policy that will be intensified as appropriate with improved quality and efficiency, and exercise a prudent monetary policy in a flexible, moderate, targeted and effective manner, according to the report delivered by Premier Li Qiang yesterday at the opening of the second session of the 14th National People’s Congress in Beijing.