China is capable, confident to hit 2024 growth target: state planner

July 31, 2024 10:46 PM EDT

FILE PHOTO: A Chinese flag and a stock graph are seen in this illustration picture taken April 30, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

BEIJING (Reuters) - China has the ability and confidence to achieve its full-year growth target of around 5% and will work to actively expand domestic demand, officials from the state planner said on Thursday.

There is "sufficient" room for counter-cyclical policy adjustments, said Zhao Chenxin, vice head of the state planner, during a press conference in Beijing.

(Reporting by Kevin Yao and Ellen Zhang)



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