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Global Macro Research

Macro Bytes: Will China hit its new growth target?

This episode of our podcast discusses the current challenges and opportunities facing the Chinese economy.

Authors
Paul Diggle
Chief Economist
Luke Bartholomew
Deputy Chief Economist
Contributors
Robert Gilhooly

Duration: 28 mins

Date: 07 Mar 2024

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China’s 2024 growth target of “around 5%” is ambitious, but the focus on national security and self-reliance may put it out of reach. That said, policy is supportive, and the new ultra-long government bond issuance will help. Over the medium term, China has important growth engines from the energy transition and leadership in research and innovation.