$CNGDPYY -China 2024 GDP Meets Official Target

CNGDPYY
Q4/2024


- The Chinese economy expanded by 5.4% yoy in Q4 2024, topping estimates of 5.0% and accelerating from a 4.6% rise in Q3.
It was the strongest annual growth rate in 1-1/2 years, boosted by a series of stimulus measures introduced since September to boost recovery and regain confidence.
For full year, the GDP grew by 5.0%, aligning with Beijing's target of around 5% but falling short of a 5.2% rise in 2023.