The Chinese government has set a GDP growth rate target of around 5% for 2023. It has been reported Reuters.
The publication points out that such an indication is given in the government report for the inaugural 1st session of the 14th session of the National People’s Congress (the highest legislative body).
It was known before that the Chinese economy it will be hot For some time, despite the authorities’ statements that there is a strong economic growth rate.
The Chinese government began to declare strong economic growth in the country. At the same time, the strict policy of coronavirus restrictions, which has already caused casualties, has been cancelled. However, the Chinese economy will still be on fire as its zero-tolerance policy against the coronavirus leaves deep scars on its policy. If before the pandemic there were 44 million small businesses in the country, then after the introduction of severe restrictions due to the coronavirus, this figure has fallen several times. In turn, such events became a serious brake on economic growth.