Government Chinese set a slightly lower annual economic growth target on Sunday compared with last year’s target, as the world’s second-largest economy is just beginning to emerge from three years of severe coronavirus restrictions. COVID-19.
China set its 2023 growth target for its economy at around 5%, according to a government report released at the opening of the annual meeting of parliament on Sunday. The figure compares with its 2022 target of around 5.5%.
The Chinese economy expanded 3% last year, significantly missing the 2022 target and marking one of the slowest growth rates in almost half a century.
The government also set a 2023 government budget deficit target of 3.0% of Gross Domestic Product, according to the report, widening from last year’s target of a gap of around 2.8%.
In the report, China also set a 2023 target of about 3% for increases in its consumer price index (CPI), unchanged from the 2022 figure. The CPI rose 2.0% last year, according to official figures.
Source: Reuters
Source: Gestion
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