गृहपृष्ठ ∕ International ∕ China targets economic growth of around 5 pct in 2024 International China targets economic growth of around 5 pct in 2024 KathmanduPati March 05, 2024 File Photo BEIJING – China targets economic growth of around 5 percent in 2024, according to a government work report submitted Tuesday to the national legislature for deliberation. The country expects to create over 12 million jobs in urban areas and keep the surveyed urban unemployment rate at around 5.5 percent this year, according to the report. A proactive fiscal policy and a prudent monetary policy will be continued, with the ratio of deficit to gross domestic product (GDP) set at 3 percent and the government deficit to rise by 180 billion yuan from the 2023 budget figure. The country will see 3.9 trillion yuan of special-purpose bonds for local governments to be issued this year, up by 100 billion yuan from last year. It will also issue ultra-long special treasury bonds over each of the next several years for the purpose of implementing major national strategies and building up security capacity in key areas, starting with 1 trillion yuan of such bonds this year, the report said. The consistency of the macro policy orientation should be enhanced, it said.-Xinhua Write your comments RELATED NEWS China, India to resume boundary talks in Beijing Nepal, UAE move to strengthen labour cooperation Police seizes smuggled electronics, tobacco at airport US warns Iran trade partners of tough sanctions Foreign Minister Khanal to attend NAM Commemoration in Serbia Japanese Encephalitis deaths rise, government urges vigilance Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 When the State Pulls the Trigger, Who Answers ?2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 Before the Ballots: How Oli Lost the Political Narrative4 Nepal “a Buffer State”: Rethinking foreign policy in relative terms5 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward6 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns7 Jagdamba Group Chairman Shankar Agrawal Arrested8 TRENDING What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? What role has the Nepal Army been playing in controlling the coronavirus? Nepal Army vows to complete Kathmandu-Terai Fast Track project in time Prithivi Narayan Shah-tyrant or a builder of the nation ? ANM and Lab Assistant trainings to no longer be provided in Nepal, task force created for solution Two more succumb to coronavirus in Butwal As PM Oli begins hunt for new Chief Secretary, odds stack in favor of Bairagi Sandeep takes one wicket,team Jamaica Tallawahs loses
