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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
China is on track to achieve the major targets for economic and social development of 2023, a spokesperson with the country's top economic planner said Tuesday.
With the economic recovery continuing to gather steam and the effects of pro-growth policies, the country has the conditions and the capability to enhance economic operations, boost endogenous impetus, improve public expectations and fend off risks, Li Chao, spokesperson of the National Development and Reform Commission, told a press conference.
In November, retail sales were up 10.1 percent year on year, with automobile consumption and service consumption recording good growth momentum, becoming the outstanding highlights in the consumption recovery process, Li said.
Meanwhile, China's consumer price index, a main inflation gauge, is expected to register mild growth in 2024, according to Li.
As of the end of November, the issuance of China's local government debts had been generally completed, Li noted.
The central government has issued 1 trillion yuan (about $141 billion) in additional central government bonds, and the first batch of the financed projects has been unveiled, which includes nearly 2,900 projects in areas such as the construction of an integrated system for the prevention and control of key natural disasters, Li said.
(With input from Xinhua; Cover via CFP)