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China sets economic growth target of 5% as parliament opens

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China’s National People’s Congress (NPC) has kicked off its annual parliamentary session, announcing a modest target for economic growth of about 5 percent.
The session, which began in Beijing on Sunday, is also set to hand President Xi Jinping a third term in office and implement the biggest government shake-up in a decade.
Outgoing Premier Li Keqiang opened the meeting at 9am (01:00 GMT), reading out a work report that said it was essential to prioritise economic stability and set a goal of economic growth at “around 5 percent”, one of the country’s lowest in decades.
The report also announced a target of creating about 12 million urban jobs this year, up from last year’s mark of at least 11 million.

Al Jazeera’s Katrina Yu reports from Beijing.

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#China #XiJinping #ChinaNationalPartyCongress #NPC #ChinaEconomicGrowth #ChinaEconomy #ChinaGDP
Category
World
Tags
Al Jazeera, Al Jazeera English, China GDP growth
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