Maskless Xi, China’s Modest GDP Target, Hong Kong: NPC Update
Bloomberg 3/5/2021 Bloomberg News
(Bloomberg) China’s most senior officials gathered in Beijing to kick off the annual full-session of the country’s parliament, the National People’s Congress.
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Chinese Premier Li Keqiang unveiled a conservative target for economic growth this year of above 6% that signals more restrained monetary and fiscal policies this year, in contrast to other major nations still pumping in stimulus. But China’s new five-year plan that runs through 2025 didn’t give a numeric target for average growth.
What to Know:Click here to read more on this year’s NPCEverything you need to knowFull NPC reports. Highlights hereA QuickTake explainer on the NPCWhat analysts say to watch out for this yearBloomberg Intelligence previews the NPC. Reaction to GDP goalHow China plans to be greener by 2025Clips of other reactions here and here. Key takeaways here