More than half of the Chinese mainland's 31 provincial-level governments have set lower GDP growth targets for 2024 than for last year, although many are aiming for higher rates of expansion than they achieved in 2023, Caixin's analysis of local legislative meetings shows.
Caixin
Over half China's local governments curb their growth ambitions for 2024
Move comes after many regions missed last year's goals
A construction site in China's Tianjin. The municipality's 2024 GDP expansion target of 4.5% is the lowest of all the nation's 31 provincial-level governments. © Reuters
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