China Economy 2024 In Trillion Dollar Economy. A 5 percent gdp growth goal for 2024, and a deficit rate of 3 percent with the issuing of 1 trillion yuan. China is targeting “around 5%” growth in 2024 and vowed to “transform its growth model in the face of several significant challenges.
The chinese economy predominantly hinges. Bloomberg economics estimate the price tag at around $10 trillion, equal to about 10% of global gdp — dwarfing the blow from the war in ukraine, covid pandemic and global.