China’s top leaders, including President Xi Jinping on Thursday admitted that the economy was facing new “problems”.
The leaders however vowed to resolve a long-running housing sector crisis, state media said.
BEYOND AFRICA learnt that Beijing this week unveiled a raft of new measures aimed at boosting its ailing economy, which the leadership aims to grow by five percent in 2024 — an objective analysts say is optimistic given the headwinds it is facing.
On Thursday, the ruling Communist Party convened a meeting of its top body, the Politburo, to “analyze and study the current economic situation”.
“Some new situations and problems have emerged in the current running of the economy,” the Xinhua news agency reported after the meeting, which was attended by Xi.
“We must view the current economic situation comprehensively, objectively and calmly, face difficulties squarely, (and) strengthen confidence,” it added.
