China sets 2021 GDP growth target at more than 6%

Friday, 2021-03-05 10:14:41
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China will keep its average annual economic growth rate over the next five years within a "reasonable" range, the government said on Friday in its development plan for 2021-2025.
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The Chinese government has set its 2021 economic growth target at more than 6%, Premier Li Keqiang said in his annual work report on Friday at the opening of this year's meeting of parliament.

China did not set a gross domestic product target last year due to uncertainties arising from the pandemic.

The government has set its 2021 target for consumer price inflation at around 3% and its budget deficit goal of around 3.2% of GDP, Li said.

In 2020, China set an inflation target of around 3.5% and a budget deficit target of above 3.6%.