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China to unveil lowest growth goal in years: analysts

China to unveil lowest growth goal in years: analysts

13 Sept 09:51 Key points summarised by AI
  • China is expected to announce one of its lowest GDP growth targets in decades at the upcoming National People's Congress.
  • This conservative forecast is driven by persistent challenges, including a slumping property market, a sluggish global economy impacting exports, and potential geopolitical tensions.
  • Economists predict that any growth will largely be fueled by a surge in domestic consumption as the country emerges from nearly three years of stringent Covid restrictions.
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