China's economic growth will hit goal despite headwinds, economist Lin Yifu says | Crypto Craft

  • China's economic growth will hit goal despite headwinds, economist Lin Yifu says

    From ecns.cn

    Chinese economist Lin Yifu said on Monday that he is confident China will achieve its economic growth target of 4.5% to 5%, citing structural strengths even as the country faces mounting domestic and global challenges.Speaking at a media briefing in Beijing, Lin said China's per capita GDP has reached nearly $14,000, with many industries still in a catch-up phase, which provides what he described as a "latecomer advantage." This position allows China to adopt and scale existing technologies more rapidly, supporting continued economic expansion. Lin added that China's large domestic market, comprehensive industrial ... (full story)

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