China Set an Economic Growth Target of ‘Above 6%’ for 2021

Republic of China Premier Li Keqiang announced on Friday that China has set an economic growth target of ‘above 6 percent’ for 2021.

“As a general target, China’s growth rate has been set at over 6 percent for this year. In setting this target, we have taken into account the recovery of economic activity,” Li said in the government report during the National People’s Congress (NPC).

“These targets are also well-aligned with the annual goals of subsequent years in the 14th Five-Year Plan period, and they will help sustain healthy economic growth,” he added.

The strong economic growth marks after the COVID-19 pandemic. China’s economy also managed a growth of 2.3 percent in 2020 however it was stated as the weakest results in decades.

Li also said China has set a target of creating 11 million new urban jobs, while the target for consumer price index (CPI) growth is around 3 percent.

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