China Sets Year’s Economic Growth Target ‘Around 5%’

BEIJING — China’s government announced plans to promote a consumer-led revival of the nation’s struggling economy as its legislature opened a session Sunday that will tighten President Xi Jinping’s control over business and society.

Premier Li Keqiang, the top economic official, set this year’s official growth target “around 5%” following the end of anti-virus controls that kept millions of people at home and triggered protests. Growth last year fell to 3%, the second-weakest level since at least the 1970s.

“We should give priority to the recovery and expansion of consumption,” Li said in a nationally televised speech on government plans before the ceremonial National People’s Congress in the Great Hall of the People in central Beijing.


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Edited by Jesus Chan

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