CHINA is confident of achieving around 5 percent GDP growth target for 2024, and the country will step up counter-cyclical adjustments in fiscal policy in addition to monetary policy stimulus, China's Vice Minister of Finance Liao Min said on Friday during a meeting of the World Bank, according to a readout released on the website of China's Ministry of Finance on Sunday.
The latest remarks of China's vice minister of finance highlight China's commitment to stabilizing the economy. With the rollout of incremental pro-growth policies, it is anticipated that China's economy will continue to improve in the fourth quarter, analysts said.
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