China sets 5% economic growth target for 2024, exceeding global forecasts, with a 5.2% GDP increase in 2023.

China sets a 5% economic growth target for 2024, exceeding global forecasts, according to its Government Work Report. The country's GDP reached ¥126 trillion, marking a 5.2% increase and ranking among top global economies. China faces challenges, but the government is confident in achieving its growth target with a clear roadmap in place, showcasing its continued resilience and potential for sustained growth.