China's economy of 'great concern' at annual political meetings: spokesman

1 year ago 25

BEIJING: A spokesperson for China's political advisory body said Sunday the economy, especially

youth employment

, was of "great concern" to its

delegates

on the eve of annual legislative meetings in Beijing.
Thousands of delegates from across the country will convene in Beijing on Monday for the start of the ruling Communist Party's yearly conclave, known as the "Two Sessions".

The meetings come as the world's second-largest economy battles a range of challenges from a protracted property crisis to flagging domestic consumption and persistently high youth unemployment.
Liu Jieyi, a

spokesman

for the Chinese People's Political Consultative Conference (CPPCC), told a news conference on Sunday that "economic topics are of great concern to our representatives".

"The employment of young people, especially fresh graduates, is a matter of great concern," he said.
Beijing reported economic growth of 5.2 percent last year, one of its slowest rates in decades.
Youth unemployment officially stood at around 15 percent at the end of 2023, after the statistics bureau adjusted its calculation methods.
It stopped publishing the politically sensitive figure for several months from last summer as the jobless rate soared well above 20 percent.

Liu said

China's economy

still had "a good foundation and favourable conditions for promoting high-quality development".
The country had also proven "resilient" in the face of "external shocks... and internal difficulties", he said.
The CPPCC will run until the morning of March 10, Liu said.
Its discussions are relatively low-stakes compared to the near simultaneous gathering of the country's legislature, the National People's Congress.

Article From: timesofindia.indiatimes.com
Read Entire Article



Note:

We invite you to explore our website, engage with our content, and become part of our community. Thank you for trusting us as your go-to destination for news that matters.

Certain articles, images, or other media on this website may be sourced from external contributors, agencies, or organizations. In such cases, we make every effort to provide proper attribution, acknowledging the original source of the content.

If you believe that your copyrighted work has been used on our site in a way that constitutes copyright infringement, please contact us promptly. We are committed to addressing and rectifying any such instances

To remove this article:
Removal Request