China Aims for 5% Growth in 2024, Facing Economic Headwinds
- China sets 5% GDP growth target for 2024, same as 2023 target
- Achieving target could be harder without post-Covid rebound benefit
- Economy facing housing market decline, weak consumer spending, investor caution
- Government taking steps to restore confidence, boost new growth drivers
- May require more state spending and debt to hit 5% growth target
