Financial giant Goldman Sachs has revised its forecast for China's economic growth in 2024, increasing its projection from 4.7 percent to 4.9 percent, citing the government's latest round of stimulus measures.
The investment bank said in its research report to clients on Sunday that recent initiatives from Chinese authorities signal a shift in policy management, with a renewed emphasis on bolstering economic performance.
According to the National Bureau of Statistics (NBS), China's gross domestic product reached around 61.68 trillion yuan (about 8.65 trillion U.S. dollars) in the first half, representing a 5-percent increase year-on-year.
To promote the coutry's economic development, China rolled out a series of policy measures in late September, including an RRR reduction for banks and a mortgage rate reduction for existing homes, as well as the introduction of new monetary programs to boost the capital market.
Goldman Sachs raises China's economic growth forecast to 4.9 pct in 2024
As winter sets in, swans are seen leisurely resting in the bay at Yandunjiao Village in Rongcheng City in east China's Shandong Province, creating a harmonious scene between humanity and nature.
The establishment of the Rongcheng state-level swan nature reserve, coupled with growing public awareness of swan protection, has led to an increase in the number of swans spending the winter season in the area each winter. This surge is a result of improved ecological conditions thanks to the efforts of local authorities and residents.
In the village, factories that once polluted the swan bay have been relocated. Local authorities have also put up specialized fences to prevent tourists from disturbing the swans and have mobilized volunteers to patrol the area along the bay. These measures have helped create a safe haven for the swans, making the area an increasingly popular winter destination for them.
Every morning, while locals are hurrying to gather seafood along the beach, swans are swimming leisurely nearby, demonstrating closer ties between humanity and swans.
China's Shandong sees harmonious scene between humanity, swans in winter season
