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Post by sevenofnine on Mar 5, 2023 12:34:14 GMT -5
Keep eye on China they open up their so called Parliament today China sets economic growth target of 5% as parliament opens China’s National People’s Congress (NPC) has kicked off its annual parliamentary session, announcing a modest target for economic growth of about 5 percent. The session, which began in Beijing on Sunday, is also set to hand President Xi Jinping a third term in office and implement the biggest government shake-up in a decade. Outgoing Premier Li Keqiang opened the meeting at 9am (01:00 GMT), reading out a work report that said it was essential to prioritise economic stability and set a goal of economic growth at “around 5 percent”, one of the country’s lowest in decades. The report also announced a target of creating about 12 million urban jobs this year, up from last year’s mark of at least 11 million. China’s gross domestic product (GDP) grew by just 3 percent last year, one of its worst showings in decades, squeezed by three years of COVID-19 restrictions, the crisis in its vast property sector, a crackdown on private enterprise and weakening demand for Chinese exports. www.aljazeera.com/news/2023/3/5/china-sets-economic-growth-target-of-5-as-parliament-kicks-off?fbclid=IwAR1EXwL5ULlhSAujutVD6K3KRZGoSshtlQnjLwz2SSVZv_TjXrId3QFdV4g
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