Chinese provinces mostly target growth of 5% or more in 2023

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Chinese provinces mostly target growth of 5% or more in 2023
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One theme dominating local government work reports was the goal to boost domestic demand this year. Read more at straitstimes.com.

BEIJING - China’s provinces are almost all targeting economic growth of 5 per cent or more in 2023 after missing their goals last year amid the Covid-19 and

On the national level, senior Chinese officials have debated setting an economic growth target of around 5 per cent for 2023, Bloomberg has reported. Tianjin’s early estimates suggest growth may have flatlined or even contracted last year, while Hainan has said it likely recorded “positive growth.” Better performers were Jiangxi and Ningxia, which were less affected by the pandemic and projected growth of around 5 per cent for last year.

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