China's 5% growth target reachable

By Global Times

Nov 29, 2023 12:17 am

CHINA'S central bank said on Monday that it expects the annual GDP growth target of around 5 percent will be reached, as the economy continues to return to the normal track. It also vowed to keep in place 'prudent' monetary policy to ensure stable growth.

In its quarterly monetary policy report, the People's Bank of China (PBOC) also noted both internal and external challenges, including heightened geopolitical tension globally, while maintaining that China's long-term development fundamentals have not changed.

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