Economists say 5% target is ambitious, as premier Li Qiang tells annual gathering that global economy and problems at home are presenting hurdles to recovery
China has set its target for GDP growth at 5%, in line with analysts’ expectations for another year of historically modest ambitions for the economy, amid regional tensions and its demographic crisis.
China’s premier, Li Qiang, spoke of the “challenges” facing China’s leaders as he delivered his annual government work report on Tuesday. He cited the global economy and regional tensions as hurdles for China’s recovery, as well as domestic issues such as low consumer demand in a challenging labour market.
