Beijing, Oct 8, 2024 (AFP) - China holds off on fresh stimulus but 'confident' will hit growth target

NAMPA / AFP

2024-10-08

China said on Tuesday it was "fully confident" of hitting its growth target this year but held off announcing more stimulus measures, leaving markets disappointed. Beijing has struggled to reignite business activity as officials target around five percent expansion, which analysts say is optimistic given the numerous headwinds, from a prolonged housing crisis to sluggish consumption and local government debt. All eyes were on a news conference le......

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