China Sets Ambitious Economic Target for 2024

China has announced its economic target for the year 2024, aiming for a growth rate of 6.5% to 7%. This ambitious goal was set during the annual National People’s Congress meeting in Beijing.

The Chinese government is focusing on boosting domestic consumption, expanding its technological capabilities, and reducing its reliance on foreign technology. This is part of a broader strategy to achieve self-reliance and reduce vulnerability to external economic shocks.

In addition to economic growth, China is also aiming to reduce carbon emissions and achieve carbon neutrality by 2060. The country has been investing heavily in renewable energy and green technologies to achieve this goal.

With these ambitious targets, China is positioning itself as a global economic leader and key player in the transition to a more sustainable and technologically advanced future.