China's Economy and Industry Outlook for 2024
On March 5, 2024, Premier Li Qiang delivered the <<Report on the Work of the Government>> at the Second Session of the 14th National People’s Congress of China. Globally, economic recovery was slow, with increasing geopolitical tensions and rising protectionism. Domestically, China faced challenges in economic recovery due to the prolonged impact of the Covid-19 pandemic, exacerbated by existing structural issues and emerging risks in areas such as real estate and financial institutions.
In response to these challenges, the government outlined its tasks for 2024, including issuing ultra-long-term special government bonds and opening up new tracks in emerging fields like quantum technology and life sciences. Additionally, China plans to implement measures to further open up its economy, such as relaxing market access restrictions and promoting cross-border services trade.
To delve deeper into these issues and their implications for businesses, the European Chamber is pleased to host Mr. Xu Sitao, Chief Economist and partner at Deloitte China, to share his insights and forecasts on the economy. Mr. Xu brings extensive experience, having previously served as Chief Representative of China and EIU Forecasting Director at the Economist Group. We will also provide an opportunity for members to introduce themselves and engage in discussion.