BEIJING: China's leadership vowed on Thursday (Jul 18) to "resolve risks" plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes
Chinese President Xi Jinping attends a signing ceremony at the Great Hall of the People in Beijing, China on May 31, 2024. BEIJING: China 's leadership vowed on Thursday to"resolve risks" plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its
They further agreed to"prevent and resolve risks in key areas such as real estate, local government debt", Xinhua said.Top officials promised to"give fuller play to the role of market mechanisms, create a fairer and more dynamic market environment". It represented the slowest rate of expansion since early 2023, when China was emerging from a crippling zero-COVID policy that strangled growth.- enviable for many Western countries but a far cry from the double-digit expansion that for years drove the Chinese economy.
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