China govt advisers call for steady growth target in 2024, more stimulus

News Snapshot:

Chinese government advisers will recommend economic growth targets for next year ranging from 4.5% to 5.5% to an annual policy-makers’ meeting, as Beijing seeks to create jobs and keep long-term development goals on track. Five of the seven advisers who spoke with Reuters said they favoured a target of around 5%, matching this year’s goal. One adviser will propose a 4.5% target, while the other suggested a 5.0-5.5% range. The proposals will be made next month at the ruling Communist Party’s annual Central Economic Work Conference that discusses policy plans and the outlook for the world’s second-largest economy. Reaching such...