China’s 2024 GDP growth target: what’s on the horizon for its economy? [Video]

According to the government work report delivered by Chinese Premier Li Qiang, China has set its 2024 GDP growth target at around 5%, showing the country’s confidence in economic recovery. The report states there are many uncertainties and challenges facing China’s economy both domestically and internationally. What are the prospects for China to achieve its growth target for 2024? How can China address its economic challenges? And how much potential can be unleashed by the southern hub of the Guangdong-Hong Kong-Macao Greater Bay Area?

Guests in this episode are Zhu Guangyao, former Vice Minister of Finance of China and Xiao Geng, chairman of the Hong Kong Institution for International Finance.