China is set Saturday to release its gross domestic product growth target for 2022 as an annual parliamentary meeting gets underway.
They are also looking for details from policymakers about stimulus plans for an economy that has slowed significantly.
BEIJING — China is slated on Saturday to release its gross domestic product growth target for 2022, as an annual parliamentary meeting gets underway. Analysts widely expect the GDP target to be set at about 5% or slightly higher. They are also looking for details about stimulus plans for an economy that has slowed significantly.China's economic growth softened in the fourth quarter to a 4% year-on-year increase, despiteThe country was the only major economy to grow in 2020, while the rest of the world struggled with the coronavirus pandemic.
But sluggish consumer spending has yet to fully recover from the pandemic, and fallout from Beijing's regulatory crackdown on tech and real estate have dragged on growth. China's stringent"zero-Covid" policy, with abrupt lockdowns and travel restrictions, has also weighed on the economy.
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