China has set a 2024 economic growth target of around 5%, acknowledging the challenges of deflationary pressure and a property crisis. Premier Li Qiang admitted the difficulty in achieving the target and announced a break from tradition by not holding press conferences during parliamentary meetings. The government also aims to boost demand, create jobs, and develop new growth drivers, including electric vehicles and advanced technologies. Despite challenges in exports and trade conflicts, China remains cautious about large-scale stimulus and is focused on scientific breakthroughs to surpass the U.S. in tech supremacy.