China sets post-pandemic growth target at 'around 5%'

Defense spending boost flagged as National People's Congress kicks off

20230305 Chinese Premier Li Keqiang

Chinese Premier Li Keqiang speaks at the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing on March 5. (Photo by Yusuke Hinata)

CK TAN, Nikkei staff writer

BEIJING -- China set this year's growth target at "around 5%" as the National People's Congress (NPC) kicked off Sunday, in a cautious forecast after the pandemic-hit economy posted one of its weakest expansions in decades.

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