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 CJP leaders released after 24 hours in Delhi police custody Riyadh airport attack kills 12, injures 309 Indian youth leader vows protest despite detentions Navi Pillay wins 2026 Nobel Peace Prize India’s voter roll revision sparks protests French student protests escalate into National crisis, hundreds of schools… Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 Before the Ballots: How Oli Lost the Political Narrative5 PM Shah pledges Krishnabhir highway reopening within month6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector Pathao, Tootle resume ride sharing services after authorities relax lockdown What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? The Role of the Nepalese Army in Strategic Road Projects What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society Public Relations for a Soldier
