Economics:Highlights from the 2024 Government Work Report
Economics:Highlights from the 2024 Government Work Report1. A largely positive tone: GDP growth target set at c. 5%, with a more proactive target for new employment.2. Counter-cyclical fiscal policies the highlights: ultra-long special government bonds to be issued over the next few years, starting with RMB1tn of such bonds in 2024。3. Industry policy: promoting transformation of the property sector; facilitating high-quality development with new productive forces.