China is laying out ambitious growth goals for 2024, and even Beijing knows they'll be hard to hit

Tue, 03/05/2024 - 04:43

Chinese Premier Li Qiang announced a 5% economic growth target for 2024.
The goal faces headwinds such as a property crisis, deflationary pressure, and a demographic crisis.
Economists suggest Beijing may need to inject more stimulus into its economy to reach the target.

China is laying out ambitious growth goals for 2024, and Beijing knows they'll be hard to hit.