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Chinese Leader Gives Early Estimate of Economic Growth
Speaking at the Davos global forum a day before China is set to release economic data, Premier Li Qiang said the economy grew “around 5.2 percent.”
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Li Qiang told the World Economic Forum in Davos, Switzerland, that China beat its target for economic growth last year. Credit...Fabrice Coffrini/Agence France-Presse — Getty Images
By Keith Bradsher
Reporting from Beijing
Jan. 16, 2024
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China’s second-highest leader said Tuesday that his country’s economy had grown “around 5.2 percent” last year, providing an unusual early glimpse of important economic data a day before its official release.
Speaking at the World Economic Forum in Davos, Switzerland, Premier Li Qiang, the second-highest official in China after Xi Jinping, said China had beaten its target last year of economic growth of about 5 percent. He also insisted that China had managed to expand the economy without using risky or short-term measures, like large spending or credit programs.
“In the course of economic development, we have held to avoiding major stimulus, and have not sought short-term growth at the price of accumulating long-term risks,” he said.
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Keith Bradsher is the Beijing bureau chief for The Times. He previously served as bureau chief in Shanghai, Hong Kong and Detroit and as a Washington correspondent. He has lived and reported in mainland China through the pandemic. More about Keith Bradsher
A version of this article appears in print on Jan. 17, 2024, Section B , Page 4 of the New York edition with the headline: China’s Economy Grew 5.2% In 2023, a Top Official Reports . Order Reprints | Today’s Paper | Subscribe
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