bearish
The Aftermath of El Nino Weather // China Re-Confirms 5% GDP Growth Target
SUMMARY
China set a growth target of “around 5%” for 2024, according to the “Government Work Report” released Tuesday as part of the opening of the National People’s Congress annual meeting.
Last year China’s economy grew by 5.2%, matching the official target of around 5%.
China set a deficit-to-GDP ratio of 3% for the year, down from a rare upward revision to 3.8% late last year from the original 3%.
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