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China on track to achieve 5pc GDP growth target in 2024

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Chinese President Xi Jinping. [AP]

China is on track to reach its 2024 GDP growth target of around 5 per cent, driven by strong policy stimulus, a continued recovery trend and a gradual increase in domestic demand, according to experts and entrepreneurs.

A report in the China Daily indicates that despite challenges from a sluggish real estate market, still-weak demand and mounting external uncertainties, China is set to achieve accelerated growth.

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