BEIJING, March 8 (Xinhua) -- China's 2024 growth target of around 5 percent clearly indicates that its economic trajectory will continue to rise steadily. The target is realistic and attainable amid the country's pivot towards a pursuit of long-term prosperity featuring quality over sheer speed.
The per capita disposable income of Chinese residents increased by 6.1 percent in real terms last year, outpacing the GDP growth during the same period.
Photo: Yin Yanlin, Courtesy of Yin Yanlin China should lift some institutional obstacles to further optimize the investment environment for the country's private business sector in a bid to stimulate the market vitality for investment, while ensuring domestic firms to feel safe with places and funds to invest, a political advisor told the Global Times during the annual two sessions. Yin Yanlin, deputy director of the General Office of the Central Financial and Economic Affairs Commission and a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee, outlined three detailed measures including to clarify positive and negative lists for investment in the private sector and lift barriers that restrict private enterprises to participate into market activities, aiming to further spur the country's private investment.
Photo shows a busy scene in an intelligent workshop of a precision electronics factory in Huaying, southwest China's Sichuan province. (People's Daily Online/Qiu Haiying) This year, various regions and departments in China have been actively developing new quality productive forces, seeking new strategies and taking proactive measures.
