Chinese economists call for consumer sentiment boost, job, income, and social security prioritization to reach 5% growth target.

Chinese economists urge policymakers to boost consumer sentiment, stabilize expectations, and prioritize jobs, incomes, and social security for economic growth. Efforts to increase consumption are critical to reach the 5% growth target this year, with China's capabilities and conditions enabling it to achieve its annual growth target. The economy is expected to stabilize by the end of the year with gradual stimulus measures, structural reforms, and productivity improvements.

August 27, 2024
71 Articles