Report sees 2024 giving China economic edge

China's effective growth-stabilizing policies will continue to exert influence on global development this year, positioning the nation as a primary economic driver, said a report on Friday.

Released by the Chongyang Institute for Financial Studies under the Renmin University of China, the report emphasized China's enduring economic strength and sustained optimism about its long-term positive development. It said 2024 will be pivotal in the nation's shift toward high-quality development.

Anticipating China's 2024 GDP growth to be about 5 percent, surpassing that of developed economies, the report is roughly in alignment with the International Monetary Fund's revised projections. The IMF forecast that China's economic growth in 2024 would be 4.6 percent.