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China’s leadership, including President Xi Jinping, acknowledged on Thursday that the economy is encountering new “problems” and committed to addressing the ongoing housing sector crisis, according to state media. This week, Beijing introduced a series of measures aimed at revitalizing its struggling economy, with a target growth rate of five percent for 2024—an ambitious goal […]
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China acknowledges economic challenges
China’s leadership, including President Xi Jinping, acknowledged on Thursday that the economy is encountering new “problems” and committed to addressing the ongoing housing sector crisis, according to state media. This week, Beijing introduced a series of measures aimed at revitalizing its struggling economy, with a target growth rate of five percent for 2024—an ambitious goal