China's NDRC predicts continued economic recovery, citing effective policies amid global challenges.

China's National Development and Reform Commission (NDRC) predicts the economy will continue to recover through November and December, attributing this to effective policy measures. Despite global challenges, China's GDP grew 4.8% year-on-year in the first three quarters of 2024, with an annual growth target of around 5%. The NDRC is confident in sustained favorable conditions and potential growth areas like urbanization and new business models in 2025.

November 19, 2024
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