China Targets 2023 GDP Growth of Around 5%, Reuters Reports

China sets its economic growth target at around 5% for this year, Reuters reported on Sunday, citing a government report of the country‘s annual meeting of parliament.

(Bloomberg) — China sets its economic growth target at around 5% for this year, Reuters reported on Sunday, citing a government report of the country‘s annual meeting of parliament.

China sets 2023 government budget deficit target of 3% of gross domestic product, Reuters said, widening from a deficit goal of about 2.8% last year.

Consumer price index is set at about 3% for 2023, unchanged from last year’s target, Reuters added. 

(Updates with more details.)

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