China sets GDP growth target of 'around 5%' for 2024

Premier Li says recovery 'not solid enough,' promises jobs and easier market access

Chinese Premier Li Qiang speaks during the opening session of the National People's Congress at the Great Hall of the People in Beijing on March 5. (Photo by Mizuho Miyazaki)

CK TAN, Nikkei staff writer

March 5, 2024 09:26 JST

Updated on March 5, 2024 14:05 JST

BEIJING -- China on Tuesday set a gross domestic product growth target of "around 5%" for 2024, matching last year's goal even as economic challenges mount.

Premier Li Qiang revealed the target in a speech to the National People's Congress (NPC), China's annual legislative meeting in Beijing, confirming an earlier report by Nikkei Asia.