China Targets Lowest Economic Growth Since 1991 Amid Multiple Challenges
Beijing aims for its lowest economic growth target since 1991 as it seeks to reshape its economy while grappling with issues like weak consumption, population decline, a real estate crisis, global trade tensions, and an energy crisis due to the Iran war.
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China’s growth target cut reflects pragmatism amid challenges
China set the lowest economic growth target since 1991 as the country contends with global trade tensions, weak domestic demand and rising debt from white elephant investments. A target range for growth of 4.5 to 5 per cent, “while striving for better in practice” was announced by Premier Li Qiang as he delivered the annual government work report on the opening day of the National People’s Congress (NPC), the annual legislative gathering. That marks a reduction from “around 5 per cent” in eac...
By Brian Rhoads,Raymond Ma
Read full article →China Signals New Era of Slower Economic Growth
Beijing set a historically low growth target of 4.5% to 5%.
Read full article →Je li Kina u problemu: Peking cilja najniži privredni rast od 1991.
Peking želi da preoblikuje privredu dok se suočava sa problemima poput slabe potrošnje, smanjenja stanovništva, tekuće krize nekretnina, globalnih trgovinskih tenzija i energetske krize zbog rata u Iranu.
By BBC News na srpskom
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