Current location:travel >>
China's local 'two sessions' convey confidence in 2024 economy
travel699People have gathered around
IntroductionAs provincial-level governments across China unveil their gross domestic product (GDP) targets for 2 ...
As provincial-level governments across China unveil their gross domestic product (GDP) targets for 2024 at local "two sessions" meetings, the confidence in the steady growth of the Chinese economy is evident.
Local "two sessions" are the annual meetings of provincial-level lawmakers and political advisors, during which plans for local economic and social development in the year ahead are discussed.
To date, more than two-thirds of the provincial-level regions have unveiled their growth targets for 2024. Most of them have set a target of more than 5 percent.
Hainan and Xizang set a growth target of about 8 percent for this year. South China's Guangdong Province, an economic powerhouse that accounts for about one-tenth of the country's GDP, targets regional GDP growth of 5 percent for 2024 after its size hit 13.57 trillion yuan ($1.91 trillion) last year.
The financial hub of Shanghai set its annual GDP growth target at about 5 percent for 2024. Sichuan Province in southwest China and several other provinces target a growth rate of about 6 percent.
These economic outlooks indicate the overall sentiment in the country and offer a glimpse into how the national "two sessions," the annual meetings of China's top legislature and top political advisory body scheduled for March, will play out.
Despite massive external pressure and some internal difficulties, China's economy recovered steadily in 2023 and achieved 5.2 percent year-on-year growth. The figure beat the national target and provided good news for China and the world.
Enhancing the positive trend of China's economic recovery has undoubtedly become a key point in local government work reports. To carry out major projects in infrastructure and industry, promote private investment and expand consumption are among the highlights of local government plans.
To meet this year's growth targets, provinces, autonomous regions and municipalities have also pledged to deepen reform further, optimize their business environments, energize market entities, and boost internal forces that are driving development.
Shanghai will in 2024 aim to further accelerate its bid to become a leading international center in terms of economy, finance, trade, shipping and technological innovation. The city will also implement a new round of business environment reforms featuring 150 measures.
The promotion of higher-standard opening-up and the stabilization of the overall performance of foreign trade and foreign investment have also been mentioned frequently during the local "two sessions."
As the country's gateway to the Association of Southeast Asian Nations (ASEAN), south China's Guangxi Zhuang Autonomous Region has pledged to expand its opening-up and its in-depth cooperation with ASEAN members while optimizing its foreign trade structure.
Overall, the figures that have been released demonstrate the strong resilience, massive potential and great vitality of the Chinese economy, heralding a steady and continuous pickup in China's economy in the year ahead.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Glance news portal”。http://moldova.bahnsport.org/news-43e599946.html
Related articles
Portuguese
travelJERUSALEM (AP) — A Portuguese-flagged container ship came under attack by a drone in the far reaches ...
【travel】
Read moreOwusu, Johnson spark Toronto to 1
travelTORONTO (AP) — Prince Owusu scored midway through the second half and Sean Johnson made it stand up ...
【travel】
Read moreRumer Willis celebrates daughter Louetta's first birthday with heart
travelBruce Willis and Demi Moore's daughter Rumer Willis marked her own baby girl Louetta's first birthda ...
【travel】
Read more
Popular articles
- Chinese coast guard fires water cannons at Philippine vessels in latest South China Sea incident
- Portland downs Dash 4
- TikTok star with 1.1 million followers reveals why US must pass ban on China
- Spring outing popular among Chinese people: survey
- Swiatek rallies against Haddad Maia to reach Madrid Open semis
- Patrick Bailey's 4
Latest articles
Coleen Rooney gives a glimpse into her £20million Cheshire mansion as she employs a celebrity
Ryan Garcia knocks Devin Haney down 3 times and hands his amateur rival his first pro loss
New York lawmakers pass $237 billion budget addressing housing construction and migrants
Meet the man exposing NYC's toll
Free child care from higher taxes? These cities subsidize daycare
Marte's 3
LINKS
- University Offers Love, Happiness Courses
- University in Beijing Holds Activities for Students to Ring in Spring Festival
- China Adds 2 Golds in Short Track Speed Skating at Gangwon 2024
- #AmazingChina
- Temporary Teaching Sites Start Classes in Jishishan
- Laba Festival Gathering for Migrant Children in Xi'an
- Rare, Endangered Plants Reintroduced into China's Three Gorges Reservoir Area
- Art Reshapes Rural Scene in SW China Village
- China's Xizang to Raise Educational Subsidy Standard
- In a First, Marriage Registration Office Provides Documents in Braille