Chinese President Xi Jinping addressed top Communist Party officials, expressing optimism for the future despite acknowledging 'complex and severe situations' facing the nation. He highlighted the government's efforts to stimulate economic recovery through various measures. As China prepares for the Lunar New Year, millions are traveling home, with citizens exhibiting cautious hope for a brighter year.
Chinese President Xi Jinping delivers his speech during a welcoming dinner, ahead of celebrations for the 25th anniversary of Macao’s handover from Portugal to China, in Macau, China on Dec 19, 2024. Chinese leader Xi Jinping struck a bullish tone during a speech on Monday ahead of the Chinese New Year, after acknowledging"complex and severe situations" in recent months.
China's economy grew 5 per cent in 2024, its slowest rate since 1990, excluding the financially tumultuous years of the pandemic. He said Beijing had"stepped up efforts to push a basket of incremental policies to promote economic recovery". They have also warned more efforts are needed to boost domestic consumption as the outlook for Chinese exports becomes more uncertain.
XI JINPING CHINESE ECONOMY LUNAR NEW YEAR ECONOMIC RECOVERY TRADE
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