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 more stimulus, disappointing markets and fuelling concern about a lack of detail on a raft of measures unveiled last month. Beijing has struggled to reignite business activity as officials target around five percent expansion, which analysts say is optimistic given headwinds that include a prolonged housing crisis to sluggish consumption and local g......
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