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International Business Times
International Business Times
Business
AFP News

Chinese Leaders Pledge Further Support For Flagging Economy

A debt crisis in China's colossal property sector is weighing on the world's number two economy (Credit: AFP)

President Xi Jinping and other Chinese leaders stressed the need for further reform to support economic activity and the country's ailing property sector, state media reported Tuesday, following a key meeting centred on boosting growth.

Beijing is racing to achieve its goal of five percent annual growth in 2024, a target considered ambitious by many experts as the world's second-largest economy faces headwinds including an indebted real-estate market, flagging consumption and high youth unemployment.

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