China‘s NPC Sets 5% GDP Target For 2023 Amidst Headwinds

China’s annual National People’s Congress started yesterday morning, an important political event watched closely that will last until March 13. At the opening, Premier Li Keqiang gave his last government report whilst outlining a gross domestic product (GDP) target of 5% for 2023. Alfredo Montufar-Helu, Head of the China Center for Economics and Business, The Conference Board gives us observations of events so far and on the significant changes in leadership.

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