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China to target 8% growth for 2021 in post-pandemic bounce

Exports and private investment drive Beijing's bullish vision

A couple looks over the Beijing skyline. After the Chinese economy shrank in the first quarter of 2020, it is now set for a robust rebound.   © Reuters

BEIJING -- China's leadership plans to set its real economic growth target at about 8% for 2021, several government sources say, as the country nears a full recovery from the coronavirus-induced lull it suffered this year.

China's gross domestic product is estimated to have increased just about 2% this year due to the pandemic. But the government expects the economy to bounce back in full force next year on strong exports and a recovery in private-sector investment.

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