China's Rich Provinces Pledge Economic Growth While Poorer Areas Focus on Stability

• Rich Chinese provinces pledge to take lead in driving economic growth, responding to central government's call • Wealthy regions like Zhejiang and Guangdong promise more infrastructure investment and growth in high value-added sectors • Less developed provinces stress stabilizing local economies and preventing financial risks • Provincial growth targets for 2024 will indicate level of economic support needed from central government • Addressing real estate sector risks remains a priority to ensure China's economic recovery