China sets lowest economic growth target in decades at annual meeting

Premier Li Keqiang warns of risks in economic outlook as the coronavirus, a property slump and uncertainty in Ukraine play outChina has set its lowest annual GDP target in decades, as premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a property slump and uncertainty over the war in Ukraine.Li announced on Saturday the unusually modest target of about 5.5 % growth for 2022 - the lowest since 1991 - in his speech opening the annual session of China’s rubber-stamp parliament. Continue reading...

China sets lowest economic growth target in decades at annual meeting

Premier Li Keqiang warns of risks in economic outlook as the coronavirus, a property slump and uncertainty in Ukraine play out

China has set its lowest annual GDP target in decades, as premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a property slump and uncertainty over the war in Ukraine.

Li announced on Saturday the unusually modest target of about 5.5 % growth for 2022 - the lowest since 1991 - in his speech opening the annual session of China’s rubber-stamp parliament.

Continue reading...