Space Travel News
TRADE WARS
China's economy of 'great concern' at annual political meetings: spokesman
China's economy of 'great concern' at annual political meetings: spokesman
by AFP Staff Writers
Beijing (AFP) March 3, 2024

A spokesperson for China's political advisory body said Sunday the economy, especially youth employment, was of "great concern" to its delegates on the eve of annual legislative meetings in Beijing.

Thousands of delegates from across the country will convene in Beijing on Monday for the start of the ruling Communist Party's yearly conclave, known as the "Two Sessions".

The meetings come as the world's second-largest economy battles a range of challenges from a protracted property crisis to flagging domestic consumption and persistently high youth unemployment.

Liu Jieyi, a spokesman for the Chinese People's Political Consultative Conference (CPPCC), told a news conference on Sunday that "economic topics are of great concern to our representatives".

"The employment of young people, especially fresh graduates, is a matter of great concern," he said.

Beijing reported economic growth of 5.2 percent last year, one of its slowest rates in decades.

Youth unemployment officially stood at around 15 percent at the end of 2023, after the statistics bureau adjusted its calculation methods.

It stopped publishing the politically sensitive figure for several months from last summer as the jobless rate soared well above 20 percent.

Liu said China's economy still had "a good foundation and favourable conditions for promoting high-quality development".

The country had also proven "resilient" in the face of "external shocks... and internal difficulties", he said.

The CPPCC will run until the morning of March 10, Liu said.

Its discussions are relatively low-stakes compared to the near simultaneous gathering of the country's legislature, the National People's Congress.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
China factory output shrinks for fifth straight month
Beijing (AFP) March 1, 2024
Factory activity in China contracted for the fifth straight month in February, official figures showed Friday, as sluggish demand in the world's second-largest economy continues to drag on growth. The purchasing managers' index (PMI) - a key measure of factory output - came in at 49.1 percent in February, according to China's National Bureau of Statistics (NBS). A PMI figure above 50 percent indicates an expansion in activity, while below indicates a contraction. China's monthly PMI has on ... read more

TRADE WARS
TRADE WARS
Three years later, search for life on Mars continues

Confirmation of ancient lake on Mars builds excitement for Perseverance rover's samples

NASA helicopter's mission ends after three years on Mars

New Year, New images from Perseverance on Mars

TRADE WARS
Chang'e Lunar missions to benefit from new relay satellite launch

Japan Moon lander revives after lunar night

Japan's Moon lander comes back to life

New insights into Lunar evolution with revised geological time scale proposed

TRADE WARS
New moons of Uranus and Neptune announced

NASA's New Horizons Detects Dusty Hints of Extended Kuiper Belt

NASA invites public to dive into Juno's Spectacular Images of Io

Europa Clipper gears up with full instrument suite onboard

TRADE WARS
UC Irvine-led team unravels mysteries of planet formation and evolution in distant solar system

NASA's Hubble Finds Water Vapor in Small Exoplanet's Atmosphere

Passing Stars Altered Orbital Changes in Earth, Other Planets

Scientists Unveil Free-Floating Planetary Giants in the Orion Nebula

TRADE WARS
MITRE and MDC team up to advance at Midland Spaceport

China plans record 100 space launches in 2024, including lunar and station missions

Stratolaunch conducts second captive carry flight of Hypersonic Vehicle TA-1

Blue Origin prepares New Glenn for maiden launch

TRADE WARS
Long March 5 deploys Communication Technology Demonstrator 11 satellite

BIT advances microbiological research on Chinese Space Station

Shenzhou 18 and 19 crews undertake intensive training for next missions

Space Pioneer and LandSpace Lead China's Private Sector to New Heights in Space

TRADE WARS
Emirates mission to the asteroid belt complets PDR

Can astronomers use radar to spot a cataclysmic asteroid?

Over 120 Grams of Asteroid Bennu Material Delivered by OSIRIS-REx Spacecraft

Lucy gears up for a busy year on route to the Jupiter Trojans

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.