Business
Beijing sets 6pc growth target in market surprise – The Australian Financial Review
China has reinstated its annual growth target, predicting a rise of 6 per cent or more in GDP in 2021 as it outlined its plans for a post-coronavirus recovery.
In setting this target, we have taken into account the recovery of economic activity.
On the opening day of the Congress, which runs for two weeks, Mr Li presented his annual budget. In addition to the forecasts, he set a deficit-to-GDP ratio for the year at around 3.2 per cent, lower than the 3.6 per cent recorded last year but higher than forecasts of 3 per cent. Economists said the higher than expected figure signalled the Chinese government was still focused on spending to reboot the economy…
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