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.
Bu hikaye The Philippine Star dergisinin March 15, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin March 15, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Gov’t readies 125 PPP projects worth Ps T
BAGUIO CITY - More than 100 projects amounting to over P3 trillion are in the pipeline for implementation through the public-private partnership (PPP) mode.
Analysts mixed on timing of BSP rate cut
Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso.
Razon to expand Manila Water's reach
Ports and power tycoon Enrique Razon Jr. vowed to expand the operations of Manila Water Co. Inc., both locally and abroad, by capitalizing on the group's infrastructure expertise.
Onion prices may drop on bumper harvest
Onion prices are expected to remain stable or to even decline as the government forecasts another record harvest of bulbs in the second quarter, bringing nationwide supply to comfortable level.
BSP wants stricter policies vs erring bank personnel
The Bangko Sentral ng Pilipinas (BSP) is looking to require its supervised financial institutions to have a policy in determining the process and criteria on when to file legal cases against erring personnel, including dismissed directors, officers and employees.
Market seen moving with upward bias
The stock market could regain its momentum this week with investors searching for bargains and fresh leads.
Has ADB done enough to solve global problems?
Nearly six decades ago, about 100,000 civilians and military personnel perished as the Vietnam War escalated, the human spaceflight program Project Gemini was completed and the world witnessed the birth of the automated teller machine.
BOLTS WEATHER C-STAN STORM
For the second time in the PBA Season 48 Philippine Cup playoffs, a marquee player scored his career high against Meralco.
MAVERICKS RALLY TO DOWN THUNDER
DONCIC, WASHINGTON PROPEL DALLAS TO WEST FINALS
Israel's war minister vows to quit
If there’s no post-war plan for Gaza