{"id":317778,"date":"2023-03-06T09:11:32","date_gmt":"2023-03-06T04:11:32","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=317778"},"modified":"2023-03-06T09:11:32","modified_gmt":"2023-03-06T04:11:32","slug":"china-drops-growth-target-to-5-lowest-in-years","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/china-drops-growth-target-to-5-lowest-in-years\/","title":{"rendered":"China drops growth target to 5%, lowest in years"},"content":{"rendered":"

BEIJING: China announced one of its lowest economic growth targets in years Sunday, kicking off meetings of its parliament set to hand Xi Jinping a third term as president as well as approve an increase in defence spending. In an opening report, the Chinese government said it would aim for economic growth of \u201caround five percent\u201d for the coming year — one of its lowest in decades. China posted just three percent growth last year, missing its stated target of around 5.5 percent by a wide margin as the economy strained under the impact of strict Covid containment policies and a real estate crisis. \u201cUnder the strong leadership of the Party Central Committee, we carried out Covid-19 response and pursued economic and social development in an effective and well-coordinated way,\u201d the government report, delivered by outgoing Premier Li Keqiang at the opening of the National People\u2019s Congress Sunday, said. \u201cOvercoming great difficulties and challenges, we succeeded in maintaining overall stable economic performance,\u201d it added. There will be few surprises at the carefully choreographed National People\u2019s Congress, analysts say, with thousands of politicians flown in from across China to vote on laws and personnel changes pre-approved by the ruling Communist Party (CCP). News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"

BEIJING: China announced one of its lowest economic growth targets in years Sunday, kicking off meetings of its parliament set to hand Xi Jinping a third term as president as well as approve an increase in defence spending. In an opening report, the Chinese government said it would aim for economic growth of \u201caround five […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-317778","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\nChina drops growth target to 5%, lowest in years<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/china-drops-growth-target-to-5-lowest-in-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China drops growth target to 5%, lowest in years\" \/>\n<meta property=\"og:description\" content=\"BEIJING: China announced one of its lowest economic growth targets in years Sunday, kicking off meetings of its parliament set to hand Xi Jinping a third term as president as well as approve an increase in defence spending. 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