China sets modest GDP growth target as economy improves

TheStar Fri, Mar 05, 2021 10:56am - 3 years View Original


BEIJING: China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world's second-biggest economy emerged from a year disrupted by the effects of COVID-19.

In 2020, China dropped a gross domestic product growth target from the premier's work report for the first time since 2002 after the pandemic devastated its economy.

"As a general target, China's growth rate has been set at over 6% for this year," Premier Li Keqiang said in his 2021 work report. "In setting this target, we have taken into account the recovery of economic activity."

China's GDP expanded 2.3% last year, the only major economy to see growth.

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