BUSINESS

China Targets Six Percent Economic Growth

China is aiming for an economic growth rate above six percent in 2021, after scrapping its target last year.

China’s Premier announced its latest target at the opening of this year’s National People’s Congress.

The target marks a return to strong growth after the COVID-19 pandemic impacted the world’s second largest economy.

Although China’s economy grew last year, it only managed 2.3 percent growth, its weakest result in decades.

The new target highlights the Chinese economy’s strong rebound after the pandemic shutdowns led to a sharp 6.8 percent contraction in the first quarter of 2020.

Readers Bureau, Contributor

Edited by Jesus Chan

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