Which way is the Chinese economy going?
Earlier this year, China announced an ambitious goal of reaching 5% economic growth in 2024. Today, nearly seven months into the year, economists and government officials say they are optimistic that China can reach its goal.
“We have the confidence and capability to achieve the growth target,” Chinese Premier Li Qiang said at the World Economic Forum’s Annual Meeting of the New Champions (AMNC), a gathering of top global voices from government, business, civil society and academia held in Dalian, People’s Republic of China.
“China’s large market is open,” Li stated. “The rapid growth of new industries and new drivers has buttressed the sound and sustained development of the Chinese economy.”
Peng Sen, the President of the China Society of Economic Reform, added at the ...