China sets annual economic growth target at 'around 5.5%'

Premier Li Keqiang aims for lower government budget deficit

This year's National People's Congress session will run seven days, down from the pre-COVID norm of 10. © Reuters

CK TAN, Nikkei staff writerMarch 5, 2022 10:10 JSTUpdated on March 5, 2022 14:45 JST | China

BEIJING -- China's legislature began its annual session on Saturday by targeting "around 5.5%" growth in gross domestic product for 2022.

The GDP goal, delivered by Premier Li Keqiang to the National People's Congress, compares with the "over 6%" target Li presented last year.

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