Tag: china economic growth

China sets economic growth target of ‘around 5%’ for 2023, lowest in decades

China sets economic growth target of ‘around 5%’ for 2023, lowest in decades

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Image used for representational purpose only. | Photo Credit: AFP China on Sunday set an economic growth target of “around 5%” for 2023, one of the lowest in decades, as its annual National People’s Congress opened in Beijing. The target was announced in a work report delivered by outgoing Premier Li Keqiang as the rubber-stamp […]

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China’s COVID curbs retard growth, Q2 GDP rises 0.4%

China’s COVID curbs retard growth, Q2 GDP rises 0.4%

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Widespread lockdowns hammer industrial activity, demand; analysts expect full-year growth to lag 5.5% target Widespread lockdowns hammer industrial activity, demand; analysts expect full-year growth to lag 5.5% target China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months […]

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