Industry Summit | Zhang Liqun: Demand Contraction Is the Main Crux of China's Current Economic Difficulties

2024-03-29 11:28:51

Zhang Liqun predicts that China's economic growth will continue to pick up in 2024, with an economic growth rate of no less than 5%.

On March 29, the "2024 13th China Cement Industry Summit Main Forum and TOP100 Award Ceremony" was held grandly. At the meeting, Zhang Liqun, a researcher in the Department of Macroeconomic Research of the Development Research Center of the State Council, made a brilliant report on the theme of "Focusing on Expanding Domestic Demand and Accelerating the Pace of High-quality Development in an All-round Way-Economic Situation and Policy Analysis in 2024".

He pointed out that demand contraction is the main crux of China's current economic difficulties, which is reflected in the decline in the growth rate of demand such as exports and investment.

At the same time, he believes that Chinese-style modernization has huge growth potential and broad development space, and the key to solving economic difficulties lies in expanding domestic demand and accelerating the pace of high-quality development in an all-round way.

Finally, he predicted that China's economic growth would continue to pick up in 2024, with an economic growth rate of no less than 5%.

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This week, the pace of downstream resumption of work in most regions of China is still relatively slow, coupled with the unstable support of the cost side, the price of concrete has declined steadily. From February 17 to February 21, the national concrete price index closed at 100.27 points, down 1.76% annually and 19.23% year-on-year.