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 Nepal eye camp restores sight across Bangladesh Iran denies US talks despite Trump’s negotiation claim Nepal-India border security tightened after communal violence Nepal assembly seeks answers over alleged SSB border incursion Mongolia’s former prime minister calls on Education minister Indonesia ferry fire kills five, dozens missing Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Before the Ballots: How Oli Lost the Political Narrative2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 Nepal “a Buffer State”: Rethinking foreign policy in relative terms4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief6 Jagdamba Group Chairman Shankar Agrawal Arrested7 ‘Promotion of Ayurveda, Yoga and meditation along with modern medicine positive’8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Police make a woman public in connection to Gongabu murder case This time’s Teej, social distancing please! Namrata is Miss Nepal 2020
