Tags: China economy politics

China Sets This Year's Economic Growth Target at 'around 5%'

Saturday, 04 March 2023 09:00 PM EST

BEIJING (AP) — China’s government on Sunday set this year's economic growth target at “around 5%” as it tries to rebuild business activity following the end of anti-virus controls that kept millions of people at home.

Premier Li Keqiang, the top economic official, announced the target in a report on government work to the ceremonial legislature, the National People’s Congress.

Chinese leader Xi Jinping said earlier this year’s official priority is an economic revival based on consumer spending after growth sank to 3% last year, its second-lowest level since at least the 1970s.

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


GlobalTalk
- China's government on Sunday set this year's economic growth target at "around 5%" as it tries to rebuild business activity following the end of anti-virus controls that kept millions of people at home.Premier Li Keqiang, the top economic official, announced the target in...
China economy politics
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2023-00-04
Saturday, 04 March 2023 09:00 PM
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