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China plans for 5pc GDP growth - lowest target in 30 years
来源：shippingazette 编辑：编辑部 发布：2023/03/15 16:22:37
CHINA will aim for an economic expansion of "around five per cent" for 2023, its lowest target for more than three decades, reports London's Financial Times.
President Xi Jinping seeks to restore pre-pandemic levels of growth and prepares to centralise power further, said the report. Announcing the target, China's outgoing premier Li Keqiang told the annual National People's Congress that the aim this year was to "prioritise economic stability".
If achieved, the target would represent a recovery from growth of just three per cent in 2022 after numerous Chinese cities suffered extended Covid lockdowns.
China's official economic growth targets have been trending lower over the past decade as policymakers have sought to rein in the country's growing debt burden and stimulate domestic consumption.
President Xi Jinping seeks to restore pre-pandemic levels of growth and prepares to centralise power further, said the report. Announcing the target, China's outgoing premier Li Keqiang told the annual National People's Congress that the aim this year was to "prioritise economic stability".
If achieved, the target would represent a recovery from growth of just three per cent in 2022 after numerous Chinese cities suffered extended Covid lockdowns.
China's official economic growth targets have been trending lower over the past decade as policymakers have sought to rein in the country's growing debt burden and stimulate domestic consumption.