China confident of reaching modest goal of 5 per cent economic growth in 2023
China is confident of achieving its 2023 economic growth target as the economy picks up, the vice head of the state economic planner said on Monday, after its parliament set a modest growth target of around 5 per cent for this year.
Thanks to changes in COVID prevention and control policies, the recovery in mobility for people and goods is speeding up, Zhao Chenxin, a deputy head of the National Development and Reform Commission , told a news conference on Monday. “The around 5 per cent target is in line with current economic momentum... and it will help guide all parties to focus on improving the quality and efficiency of economic development.”
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