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China expresses confidence in achieving 2024 growth target


China can achieve its full-year growth target of around 5 percent for 2024 via enhanced efforts, a spokesperson of the National Bureau of Statistics (NBS) said Monday.

"Although the environment for economic development remains complex and grave, the fundamentals of the Chinese economy have continued to improve, and the positive factors driving economic recovery are accumulating and strengthening," NBS spokesperson Liu Aihua told a press conference concerning the country's economic performance in the first two months of 2024.

The Chinese economy had solid start in January and February, with most indicators maintaining sound momentum, which has laid a good foundation for full-year growth, Liu told the press.

She mentioned positive factors such as a more dynamic flow of people and goods, greater market vitality, and rapid growth in new types of consumption.

Liu also expects the government's supportive policies to play a larger role in economic recovery, including large-scale equipment renewal, trade-ins of consumer goods and the issuance of ultra-long special treasury bonds.

However, she noted that as external instabilities and uncertainties as well as domestic problems, such as the lack of effective demand, remain, the foundations of economic recovery still need to be consolidated.

"It is necessary to further observe the economic trend in the latter part of the year and further improve the implementation of policies," she said.

(Cover: An image of Shenzhen, south China's Guangdong Province. /CFP)

(With input from Xinhua)

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