Growth target of around 5.5% to generate output equivalent to medium economy: Chinese Premier

Growth target of around 5.5% to generate output equivalent to medium economy: Chinese Premier emirates7 - Chinese Premier Li Keqiang said on Friday that an increase of around 5.5 percent on the basis of over 110-trillion-yuan (about US$17.4 trillion) GDP in China today would generate the amount of output equivalent to the size of a medium economy. Chinese news agency Xinhua quoted the Chinese Premier as saying that it is a hard problem, from a worldwide perspective, for such a big economy to maintain medium-high growth, at a press conference after the closing of the fifth session of the 13th National People's Congress. China accomplished major goals and tasks on economic and social development last year, laying a solid foundation for this year, according to the premier. "The economy faces new downward pressure and challenges this year. To achieve the growth target, the country needs relevant supporting fiscal policies," he said. [13-03-2022 12:49 PM]

emirates7 - Chinese Premier Li Keqiang said on Friday that an increase of around 5.5 percent on the basis of over 110-trillion-yuan (about US$17.4 trillion) GDP in China today would generate the amount of output equivalent to the size of a medium economy.

Chinese news agency Xinhua quoted the Chinese Premier as saying that it is a hard problem, from a worldwide perspective, for such a big economy to maintain medium-high growth, at a press conference after the closing of the fifth session of the 13th National People's Congress.

China accomplished major goals and tasks on economic and social development last year, laying a solid foundation for this year, according to the premier.

"The economy faces new downward pressure and challenges this year. To achieve the growth target, the country needs relevant supporting fiscal policies," he said.

[13-03-2022 12:49 PM]

Comments

No comments

Add comment

Notice All comments are reviewed and posted only if approved. emirates7 reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of emirates7 visitors, noting that the comments are expressed only by the owners.

Name :

Email :

Comment :