China's economy grew 5% in 2024, meeting its growth target. Analysts expected China's GDP growth to be 4.9%, close to the 5% target. China faces challenges like property crisis, youth unemployment, and deflation. China reported its economy grew 5% in 2024, meeting its target of around 5%.

Thanks to the stimulus measures that buoyed economic activity in the fourth quarter, China says it met its 5% GDP growth target for 2024.

Chinas economy grew 5% in 2024, meeting its target, but concerns over imbalanced growth persist. Industrial gains overshadowed consumer spending, with many citizens reporting declining living standards.