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China considering lowering 2022 growth target to 5.5%-6%

President Xi aims to spur demand, increase jobs before CCP congress in the fall

Analysts predict the Chinese economy will grow 5% to 5.5% in 2022, but sources from President Xi Jinping's administration say "the growth target will be more optimistic." (Nikkei montage/Reuters)

BEIJING -- President Xi Jinping's government is considering lowering China's 2022 economic growth target to 5.5% to 6%, from 2021's goal of 6% or more, government sources told Nikkei Asia.

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