China News Service, Beijing, March 6 (Reporter Xia Bin) China’s GDP growth target in 2024 is expected to be around 5%.

Zheng Shajie, director of China's National Development and Reform Commission, said in Beijing on the 6th that this goal is in line with the annual requirements of the "14th Five-Year Plan" and basically matches the economic growth potential. It is a goal that can be achieved with a positive attitude and hard work.

　　At the economic press conference of the Second Session of the 14th National People's Congress held that day, Zheng Shanjie said that the favorable conditions for China's economic development in 2024 will be stronger than the unfavorable factors, and the economic rebound will be further consolidated and strengthened.

Whether looking at the short or long cycle of economic development, there is strong support.

　　First, the development foundation is more solid.

A new development pattern is taking shape at an accelerated pace.

China's economic scale has exceeded 126 trillion yuan, and it has a very large market. The further coordinated development of urban and rural areas has also brought huge market and development potential.

　　Second, macroeconomic policies will continue to be strengthened.

On the basis of increasing the implementation of macro policies and systematically implementing "combination punches" last year, China will further increase regulatory efforts this year, strengthen the overall coordination of fiscal, taxation, currency, employment, industry, regional and other policies, and comprehensively implement policies to form a synergy. We will continue to make efforts in strengthening the entity, promoting consumption, expanding investment, and stabilizing foreign trade, and promote incremental policies such as large-scale equipment updates, trade-in of consumer goods, and the issuance and use of ultra-long-term special treasury bonds.

　　Third, development in various regions is more positive and promising.

A review of the expected economic development targets across China this year shows that 25 provinces’ expected economic growth targets are higher than last year’s actual growth rate, and 23 provinces are higher than the national level.

　　Fourth, positive factors continue to accumulate.

Since the beginning of the year, China's economy has continued to pick up and improve, with leading indicators such as physical volume growing rapidly.

In the first two months, the national regulated power generation increased by 11.7% year-on-year, and industrial electricity consumption increased by 9.7%.

Consumption in culture, tourism, catering and other areas is booming. During the Spring Festival holiday, the number of domestic tourism trips across the country increased by 34.3% year-on-year, and increased by 19% on a comparable basis compared with the same period in 2019.

Comprehensive analysis shows that the first quarter is expected to get off to a good start.

　　Zheng Shanjie also said that in the process of achieving the expected goals, we will still face many difficulties and challenges, such as the external environment may become more complex and severe, there are still some outstanding problems in the construction of a unified national market, and competition in some industries is extremely fierce.

"These problems are all problems in progress and can be solved in development." (End)