China’s ‘two sessions’ 2024: economic heavyweights face press on ambitious 5% GDP growth target

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China’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission and China Securities Regulatory Commission, face the press on Wednesday during the annual “two sessions” in Beijing.

The event follows a day after Premier Li Qiang delivered his first government work report on the opening day of the National People’s Congress.
Li announced on Tuesday China would set an annual gross domestic product growth target of around 5 per cent for 2024, but questions remain on how Beijing will address the problems faced by the world’s second-largest economy, including its property crisis and local government debt woes.

Follow our live coverage of the press conference as it unfolds.