Chinese Officials Expect Bumpy Ride in Economic Policy

July 19, 2024, 10.30 AM | Source: Reuters
Chinese Officials Expect Bumpy Ride in Economic Policy

ILUSTRASI. Customers shop at a discount clothing shop in Beijing, China July 14, 2024. China grew at a slower than expected pace in the second quarter.

CHINA - BEIJING. Chinese officials acknowledged on Friday the sweeping list of economic goals re-emphasised at the end of a key Communist Party meeting this week contained "many complex contradictions," pointing to a bumpy road ahead for policy implementation.

Following a four-day, closed-doors meeting led by President Xi Jinping, which takes place once every roughly five years, officials made a raft of pledges, from modernising the industrial complex to expanding domestic demand and from stimulating growth while curbing debt risks.

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