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Wednesday, March 29, 2023

China premier warns 2023 growth target ‘no easy task’

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…

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