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Axios

Business

China's underwhelming 2023 economic growth target

China Xi Jinping Economic Growth Economy GDP National People Congress

Data: FactSet; Chart: Sara Wise/Axios

China's growth target for 2023 underwhelmed investors, economists and analysts looking for clues about how President Xi Jinping's officials will run the world's second-largest economy.

Why it matters: The modest growth goals suggest China's economy may continue to weigh on global GDP this year, as the nation tries to put its COVID-related slowdown behind it.

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