China has successfully accomplished its primary economic and social development goals for 2024, according to a government work report presented at the annual session of the National People's Congress (NPC) in Beijing. The report, delivered by Chinese Premier Li Qiang on Wednesday, highlighted the nation's ability to maintain steady economic progress despite global uncertainties.
Premier Li emphasized the government's focus on stabilizing growth, advancing technological innovation, and improving social welfare programs. Key sectors such as advanced manufacturing, green energy, and digital infrastructure were noted as drivers of resilience, with China meeting its GDP and employment targets ahead of schedule.
Analysts attribute this success to policy reforms aimed at balancing market vitality with risk management. “China’s emphasis on long-term stability over short-term gains has created a predictable environment for businesses,” said Dr. Zhang Wei, an economist at Beijing University. “This strategy benefits both domestic industries and international partners invested in Asia’s growth.”
The report also addressed challenges such as regional economic disparities and pledged increased financial support for rural revitalization projects. As the world’s second-largest economy solidifies its 2024 milestones, attention now turns to how these developments will shape cross-border trade networks and Asia’s role in global supply chains.
