Chinese Government advisers recommend economic growth target of 5% for 2024

<p><span>Chinese government advisers
will recommend economic growth targets for next year ranging
from 4.5% to 5.5% to an annual policymakers' meeting</span></p><ul><li><span>five of the seven advisers who spoke with Reuters said they
favoured a target of around 5%, matching this year's goal</span></li><li><span>One
adviser will propose a 4.5% target, while the other suggested a
5.0-5.5% range</span></li></ul><p><span>
The proposals will be made next month at the ruling
Communist Party's annual Central Economic Work Conference that
discusses policy plans and the outlook for the world's
second-largest economy.</span></p><p>Info via Reuters report.&nbsp;</p><p>More:</p><ul><li><span>would require Beijing to step up
fiscal stimulus, the advisers said</span></li><li><span>monetary stimulus is expected to play a more limited role as
the central bank remains concerned a widening interest rate
differential with the West may further weaken the yuan and
encourage capital outflows</span></li></ul><p><br></p><figure data-media-><img src="https://images.forexlive.com/images/china_id_ecec3a70-7298-4c8a-8795-aefcf978b0a7_original.jpg" alt="china" width="450" height="300" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/china_id_ecec3a70-7298-4c8a-8795-aefcf978b0a7_original.jpg" /></figure><p><br></p><p><br></p><p><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.