China lowers economic growth targets to 5% for 2023  

by gulftimes


Sun, 2023-03-05 14:43

RIYADH: China set one of the lowest economic growth targets in decades of 5 percent for the year 2023, Premier Li Keqiang announced during China’s annual National People’s Congress in Beijing.  

This is lower than the average forecasts set by economists surveyed by Agence France-Presse who predicted at least 5.5 percent growth.  

China set an economic growth target of around 5.5 percent for the last year but missed its targets with around 2.8 percent deficit.   

Main category: 
Business & Economy



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