China’s 2024 economic data as it happened: growth hits 5% target; population falls for third year
For the fourth quarter, GDP is forecast to have expanded 5 per cent, which would translate to 4.9 per cent growth for 2024 — in line with Beijing’s target of “around 5 per cent” for the year. Another important figure to watch is retail sales, a proxy for consumption, which are expected to grow just 3.5 per cent in December.