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Xi makes rare admission that China’s economy is in trouble
![IndiaTimes]()
Tuesday, 2 January 2024
President Xi Jinping vows to strengthen economic momentum and job creation amid domestic headwinds in China. He acknowledges the challenges faced by enterprises and citizens in 2023 and emphasizes the need for economic recovery and development. Xi pledges to improve education, career opportunities, and healthcare, especially for the youth and elderly. China's youth unemployment and property market crisis are pressing concerns. The government aims to avoid deflation and achieve a growth goal of around 5%. Confidence in China's policymaking and stability is crucial after concerns and capital outflows in 2023.
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