China Gdp 2024 Growth. The gross domestic product (gdp) in china expanded 0.90 percent in the third quarter of 2024 over the previous quarter. Gdp growth is planned to be “around 5 percent”, with a central government budget deficit of 3 percent of gdp in continuation of a proactive fiscal policy and a prudent monetary.
The chinese government set a gdp growth target of around 5% for 2024, unchanged from 2023, and compared to a 5.2% growth during the year. China aims to achieve 5% growth in 2024, but faces geopolitical tensions and global economic fragmentation.