China's Leaders Strategize Growth Targets and Policy Corrections at Key Meeting
China's leaders are meeting in a closed-door session to discuss economic targets and stimulus plans for 2024. The annual Central Economic Work Conference, attended by President Xi Jinping and other top officials, will likely conclude on Tuesday. Investors are eager for insights into next year's policy agenda as China's economy continues to face challenges such as the housing crisis, local government debt concerns, slowing global growth, and geopolitical tensions. Government advisers have recommended growth targets for 2024 ranging from 4.5% to 5.5%, with a majority favoring a target of around 5%. The meeting will endorse key economic targets, but they will not be publicly announced until China's annual parliament meeting in March.