China targets 2023 GDP growth of around 5% - government work report


Reuters | Updated: 05-03-2023 06:05 IST | Created: 05-03-2023 06:05 IST
China targets 2023 GDP growth of around 5% - government work report

The Chinese government has set its 2023 growth target for China's economy at around 5%, according to a government report released at the opening of the country's annual meeting of parliament on Sunday.

China's economy expanded 3% last year, significantly missing the government's 2022 target of around 5.5% and marking one of the slowest rates of growth in almost half a century.

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