China’s Finance and Commerce Ministers Discuss Key Economic Issues in Annual ‘Two Sessions’ Press Conference

China’s ‘two sessions’ in 2024: A variety of monetary policy tools available to boost growth and stabilize prices.

Beijing’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission, and China Securities Regulatory Commission, faced the press on Wednesday during the annual “two sessions” in Beijing. The event was a platform for discussing important issues affecting China’s economy.

On Tuesday, Li announced that China would set an annual gross domestic product growth target of around 5 per cent for 2024. However, there are still questions surrounding how Beijing will tackle various issues such as its property crisis and local government debt woes, which are impacting the world’s second-largest economy.

Follow our live coverage of the press conference for more updates on the discussions and decisions made during the event. This story has been provided as a public service to our readers, and we encourage you to consider supporting SCMP’s journalism by subscribing in our spring flash sale.

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