{"id":3624,"date":"2025-01-21T10:55:20","date_gmt":"2025-01-21T09:55:20","guid":{"rendered":"https:\/\/blogg.lnu.se\/china-research\/?p=3624"},"modified":"2025-01-21T10:55:22","modified_gmt":"2025-01-21T09:55:22","slug":"china-grew-as-it-wanted-in-2024","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/china-research\/?p=3624","title":{"rendered":"China grew as it wanted in 2024"},"content":{"rendered":"\n
China\u2019s GDP grew on average by 5 percent in 2024 which is in line with planned GDP growth if we express it this way. And it does not appear as a surprise that the final quarter of 2024 showed a slight growth acceleration. Remembering historical experience of previously completely predictable GDP numbers and the obviously ongoing current weaknesses of Chinese growth, it does not feel quite reliable that China officially still succeeded in meeting the official growth target of about 5 percent \u2013 despite some stimulation measures.<\/p>\n\n\n\n
One may in this context reflect on the introduction of the official release by the National Bureau of Statistics(NBS), making the development of the Chinese economy mainly to an achievement of the political leadership as the following initial lines demonstrate: \u201cIn 2024, in face of the complicated and severe environment with increasing external pressures and internal difficulties, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of seeking progress while maintaining stability, fully and faithfully applied the new development philosophy on all fronts, accelerated efforts to foster a new pattern of development, and pursued high-quality development in solid steps. As a result, the national economy was generally stable with steady progress and new achievements were made in high-quality development. Particularly, with a package of incremental policies being timely rolled out, the social confidence was effectively bolstered and the economy recovered remarkably. The major targets and tasks of economic and social development were achieved successfully\u201d (https:\/\/www.stats.gov.cn\/english\/PressRelease\/202501\/t20250117_1958330.html<\/a> ).<\/p>\n\n\n\n