China's economy shows resilience & growth in 2024: Xi Jinping

02 Jan '24

1 min read

Pic: Adobe Stock

Insights

In his 2024 New Year message, Chinese President Xi Jinping acknowledged the sustained recovery of China's economy, driven by emerging advanced, smart, and green industries.
However, he noted challenges faced by the country's businesses and individuals, particularly with employment and basic needs, calling for stronger measures to support job creation.

Chinese economy has shown sustained momentum and recovery amidst various challenges, according to Chinese President Xi Jinping. He pointed out that a range of advanced, smart, and green industries are rapidly emerging as new pillars, driving economic growth.

However, the journey has not been without its hurdles. Some enterprises have faced tough times. The businesses, particularly in the transitioning economy, have had to contend with challenges, Jinping said in his 2024 New Year message.

A significant concern raised by Jinping was the issue of employment. He noted that some people in China are struggling with job finding and meeting basic needs, indicating the need for more robust measures to ensure employment.

“New progress has been made in fully revitalizing northeast China. The Xiong'an New Area is growing fast, the Yangtze River Economic Belt is full of vitality, and the Guangdong-Hong Kong-Macao Greater Bay Area is embracing new development opportunities. Having weathered the storm, the Chinese economy is more resilient and dynamic than before,” said Jinping.

Fibre2Fashion News Desk (DP)

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