- Analytics
- News and Tools
- Market News
- China's government sets growth target for 2021
China's government sets growth target for 2021
RTTNews reports that China's government at the annual parliamentary meeting has set growth target for 2021.
Premier Li Keqiang announced that the government targets to achieve above 6 percent economic growth this year.
In 2020, the government avoided setting an annual growth target due to uncertainty caused by the coronavirus pandemic.
The economy had expanded 2.3 percent last year, making China the only major economy to avoid a contraction amid the Covid-19 pandemic. However, this was the weakest growth since 1970s.
The fiscal deficit is expected to be about 3.2 percent of GDP compared to 3.6 percent in 2020.
The surveyed jobless rate in urban areas is projected to reach 5.5 percent this year. The government plans to create more than 11 million urban jobs compared to over 9 million employment in 2020.
The government forecast consumer prices to rise around 3 percent in 2021.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
