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Al Jazeera

Business

John Power

MYSTERIOUS: Why has china announced its lowest growth target in decades - What They Never Told You

China Li Keqiang ING Economy Zhiwei Zhang Beijing NPC Al Jazeera National People Congress

China is holding its annual gathering of the National People's Congress until March 13 [File: Thomas Peter/Reuters]

China is targeting economic growth of about 5 percent in 2023 — one of its lowest targets in decades.

Outgoing Chinese Premier Li Keqiang unveiled the target on Sunday at the opening of the National People’s Congress (NPC), China’s rubber-stamp parliament that is gathering until March 13, in Beijing.

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