China Aims for 5% Growth in 2024 While Promoting Tech Innovation and Exports

• China's economy grew 5.2% in 2023; top officials set 2024 target at around 5%

• Exports rose 10% in first 2 months of 2024; medium- and long-term bank loans up over 30%

• Priority on supporting tech innovation, urban-rural development, food & energy security

• $1 trillion in special bonds to upgrade industries, advance clean energy tech

• Global demand seen muted due to protectionism; China to promote exports of high-value products