Tag: economic_crisis

https://www.barrons.com/news/china-to-unveil-lowest-growth-goal-in-years-analysts-65eec8f3

China will likely set one of the country’s lowest growth goals in decades at the annual National People’s Congress next week, experts told AFP, hit by long-running property woes, a sluggish global economy and geopolitical tensions.

Thousands of party delegates from across China will converge on Beijing for a rubber stamp conclave set to confirm key personnel appointments and make policy for the coming year.

Among the first declarations is expected to be a target for gross domestic product growth  over the coming 12 months, announced by outgoing Premier Li Keqiang at Sunday’s opening ceremony.

Last year, the economy expanded just three percent, one of its weakest in decades on the back of the Covid-19 pandemic, lockdowns and a real estate crisis.

专家告诉法新社，受长期房地产危机、全球经济低迷和地缘政治紧张局势的打击，中国很可能在下周的年度全国人大会议上设定几十年来最低增长目标之一。

来自全国各地的数千名党代表将齐聚北京，举行橡皮图章会议，确定关键人事任命，并为来年制定政策。

即将卸任的国务院总理李克强在周日开幕式上宣布，在首批宣言中，预计未来12个月国内生产总值(GDP)增长的目标。

去年,受新冠肺炎大流行、封锁、房地产危机的影响,经济增长率仅为3%,创下了数十年来的最低值。