Expert: 2024 growth target is achievable

China’s economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country’s growth target of around 5 percent for 2024 is achievable, according to a renowned economist.

Huang Yiping, dean of Peking University’s National School of Development, told China Daily in an exclusive interview that the nation’s economy is relatively stable. “There is hope that the economy may continue to improve, given that the government will expand its fiscal spending and provide more support to economic growth in the coming months.”

Huang called for more efforts to further boost economic recovery and stabilize the employment rate, which will bolster consumer confidence and increase incomes for households.

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