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China's GDP growth expected around 5% this year, senior official says

BY Reuters | ECONOMIC | 12/13/24 09:17 PM EST

BEIJING, Dec 14 (Reuters) - China's economy is expected to grow by about 5% this year, the deputy director of the country's central financial and economic affairs commission said on Saturday.

The world's second-largest economy is expected to contribute close to 30% of global growth, Han Wenxiu told an economic conference.

China's foreign exchange reserves likely remained above $3.2 trillion this year while employment and prices are expected to remain stable, said Han, who is also a senior official in the ruling Communist Party. (Reporting by Liz Lee and Beijing newsroom; Editing by William Mallard)

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