In a supermarket in Nanjing (China), January 17, 2025. STR / AFP The objective was met, it almost always is. The gross domestic product (GDP) of the second largest economy on the planet grew by 5% in 2024, according to official figures published Friday January 17. The suspense was thin, as the government had pushed, in recent months, for the 5% objective to be met. Chinese President Xi Jinping called it quits in October, after weeks of gloomy indicators, by ordering executives to “work hard” to achieve this. Read also | Article reserved for our subscribers How China has lost confidence in its economy Read later The latest public statistics confirm the growing imbalance between production which is growing vigorously (5.8% in 2024), and less dynamic sales of goods (3, 5%, compared to 7.2% in 2023). “The negative impacts caused by the external environment are increasing, domestic demand is insufficient, some companies are having production and operating difficulties,” notes the National Bureau of Statistics. Another major and long-term challenge, the population has declined for the third consecutive year, raising questions of dynamism, productivity, financing of old people, and the country’s capacity to absorb the overflow of apartments already built. You have 76.32% of this article left to read. The rest is reserved for subscribers.
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Author : News7
Publish date : 2025-01-17 16:35:48
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