Market veteran Howard Marks cautions that China's economic growth target is a ‘Herculean challenge'

Veteran investor Howard Marks said he was hopeful about China's economy, but cautioned that the country's growth target was a monumental challenge.

China has set a growth target of"around 5%" for 2024, but experts have said the world's second-largest economy will likely fall short of this goal. Marks told CNBC's Emily Chan on the sidelines of the third Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority that"Even though the growth rate they are targeting sounds modest compared to their history, it's still very much above average for for the rest of the world, and will represent a Herculean challenge."to 4.3% next year, despite a recent slate measures to boost the economy.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ripple Unveils Guide as It Ventures into $20 Trillion Custody MarketThis marks significant milestone for Ripple as it makes significant push into $20 trillion custody market
Source: Utoday_en - 🏆 295. / 63 Read more »

North Union Farmers Market moving its Crocker Park market indoors this weekendThe North Union Farmers Market is officially moving its Saturday markets at Crocker Park indoors this weekend. The year-round farmers market will remain indoors through the winter season in Westlake.
Source: clevelanddotcom - 🏆 301. / 63 Read more »

$1.1 Billion in 24 Hours: What's Next for XRP Amid $203 Million Market Sell-Off?XRP faced increased market activity amid broader crypto market sell-off
Source: Utoday_en - 🏆 295. / 63 Read more »