China has set an annual economic growth target of around 5 percent for 2024, unchanged from the previous year and a goal that analysts and executives said is feasible, as the country maps out intensified and targeted macro support policies to anchor the world's second-largest economy and contribute to global economic recovery.
The target, unveiled in the Government Work Report delivered by Premier Li Qiang at the opening meeting of the annual session of the country's national legislature on March 5, is higher than forecasts made by the International Monetary Fund and the World Bank, showcasing the country's confidence in and capacity for sustaining stable growth amid a gloomy world economy, they added.
The need to boost employment and incomes and prevent and defuse risks had been considered as the government unveiled the growth target, which is well aligned with the objectives of the 14th Five-Year Plan (2021-25) and the country's goal of "basically realizing modernization", and it takes into account the potential for growth and the conditions supporting growth, said Premier Li.
هذه القصة مأخوذة من طبعة March 15, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 15, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
FFCCCII backs further lowering of rice tariffs
The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) is supporting a proposal to further reduce the import duties slapped on rice to help bring down the prices of the staple.
'Rice farmers to lose P33 B from lower tariffs'
Local rice farmers stand to lose P33 billion if the tariffs on imported rice are further reduced, as this is expected to translate to lower farmgate prices, an industry group said.
DoubleDragon brings Jollibee Group's multi-brand format to CityMall
DoubleDragon Corp., the listed property developer chaired by Edgar “Injap” Sia II and co-chaired by Tony Tan Caktiong, is bringing the innovative multi-brand format of the Jollibee Group to its network of CityMalls across the country.
Prime Infra inaugurates solar power plant in Batangas
Razon-led Prime Infrastructure Capital Inc.’s subsidiary Prime Solar yesterday inaugurated a 64-megawatt (MW) solar power plant in Tanauan, Batangas.
Jollibee bullish despite weak China market
Homegrown fast-food giant Jollibee Foods Corp. (JFC) remains optimistic on its growth targets for the year despite prevailing headwinds in China.
Inflation likely stayed elevated in May - BSP
Driven by more expensive power rates and a weaker peso, inflation may have accelerated within the 3.7 to 4.5 percent range in May, possibly breaching the two to four percent target for the first time in six months, according to the Bangko Sentral ng Pilipinas (BSP).
Mavericks are best in the West
Luka Doncic was in his element, hitting shots from everywhere on the court, hushing the crowd and flashing those sly smiles as the Dallas Mavericks delivered a knockout performance.
EJ wins silver on borrowed pole
EJ Obiena broke his pole - again.
Iran opens registration for June presidential election
Iran opened a five-day registration period Thursday for hopefuls wanting to run in the June 28 presidential election to replace the late Ebrahim Raisi, who was killed in a helicopter crash earlier this month with seven others.
Rafah battles intensify
Intense shelling and gunfire rocked Rafah in southern Gaza on Thursday, after Israel declared it had seized a strategic corridor along the Palestinian territory’s border with Egypt.
