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Economist: China can ride out realty pressure
China is capable of effecting more measures to boost market confidence in property developers' liquidity and credit, thereby reversing the downward pressure on the Chinese economy from real estate and further vitalizing the economy, said Xu Gao, chief economist at BOC International, during an exclusive interview with China Daily on Monday. He said he expects both the GDP growth target for the year and the actual figure to be around 5 percent, as economic performance in 2024 will likely be better than last year's. The 2024 GDP growth target is expected to be unveiled during the upcoming two sessions, or the annual ... (full story)