China Aims for 5% Growth, Boosts Household Spending

China aims to maintain a five percent economic growth target next year, focusing on boosting household spending and reshaping the economy. The target is expected to be approved at the Central Economic Work Conference later this month. Analysts anticipate the central bank to resume easing policies and increase government bond issuance to support consumers and welfare. Despite government support and strong exports, economic imbalances persist, and deflationary pressures are expected to continue into next year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.