As it happened: China’s ‘two sessions’ 2024 – Beijing defends realistic GDP goal, vows to crack down on financial market irregularities

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China’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission and China Securities Regulatory Commission, met the press on Wednesday during the annual “two sessions” in Beijing.

Li announced on Tuesday China would set an annual gross domestic product growth target of around 5 per cent for 2024, but questions remain on how Beijing will address the problems faced by the world’s second-largest economy, including its property crisis and local government debt woes.

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