China’s new Premier Li Qiang warned of ‘many new challenges’ to economic growth.
BEIJING – China’s new premier warned Monday that the country’s five-percent growth target for 2023 would not be “easy” to achieve, as its rubber-stamp parliament wrapped up over a week of meetings.
The government set the economic growth target of “around five percent” this month, one of the lowest in decades as China emerged from strict zero-Covid rules that dragged on its GDP.
And Li Qiang — one of Chinese President Xi Jinping’s most trusted allies, confirmed as premier over the weekend — admitted that goal would be hard to attain.
“I’m afraid that reaching our growth target of around five percent will be no easy task, and will require that we…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
