China Confident in Achieving 5% Growth Target

China is confident in meeting its full-year growth target of around 5% by expanding domestic demand, according to state planner officials. There is ample room for counter-cyclical policy adjustments, stated Zhao Chenxin at a press conference in Beijing.

China is confident in achieving its full-year economic growth target of approximately 5%, according to officials from the state planner who spoke on Thursday.

Emphasizing the nation's ability to actively expand domestic demand, Zhao Chenxin, the vice head of the state planner, stated that there is 'sufficient' room for counter-cyclical policy adjustments.

The announcement was made at a press conference held in Beijing, highlighting the country's strategic moves to bolster its economic stability and growth.

(With inputs from agencies.)