London stock market ending best year since 2009 at record high – business live

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Source: theguardian.com
London stock market ending best year since 2009 at record high – business live

Rolling coverage of the latest economic and financial news

President Xi Jinping has declared China’s economy is set to hit its growth target for this year.

After what he called an “extraordinary year”, Xi told an annual gathering held by the country’s top political advisory body that China’s gross domestic product is expected to expand by around 5% during 2025.

“China’s economy is forging ahead under pressure, moving toward innovation and quality, demonstrating strong resilience and vitality.

The growth rate is expected to reach around 5%, continuing to rank high among the world’s major economies.”

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