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Al Jazeera
Al Jazeera
Business
John Power

Why has China announced its lowest growth target in decades?

China is holding its annual gathering of the National People's Congress until March 13 [File: Thomas Peter/Reuters]

China is targeting economic growth of about 5 percent in 2023 — one of its lowest targets in decades.

Outgoing Chinese Premier Li Keqiang unveiled the target on Sunday at the opening of the National People’s Congress (NPC), China’s rubber-stamp parliament that is gathering until March 13, in Beijing.

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