China has set a target of 5% GDP growth for 2024, a government performance report has shown. Such growth would be one of the lowest in decades and the same as last year, AFP reported.
The GDP target will be officially announced on March 5 at a meeting of the National People's Congress, China's parliament.
The country continues to grapple with a prolonged real estate crisis, record youth unemployment and a global slowdown that is reducing demand for Chinese goods.
In its work report, China pledges in the new year to "continue progress while ensuring stability," as well as "work to expand our globally oriented network of high-standard free trade zones."
It also pledged to "appropriately reduce import tariffs on advanced technology and equipment."/BGNES
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