China Sets GDP Growth Target For 2021 At 'Over 6%' And to Create 11 Million New Jobs

 

CNBC: China sets 2021 GDP growth target of more than 6% as premier warns of ‘formidable tasks’ in finance 

 * Chinese Premier Li Keqiang announced Friday the world’s second-largest economy would target growth of over 6% for 2021. 

 * The premier struck an overall positive tone on China’s economic recovery from the pandemic, while noting areas of weakness such as “impediments” to consumer spending. 

 * Li also discussed hopes for China’s relationship with the U.S. and other international trade deals. 

BEIJING — China has set growth target of over 6% for 2021, Chinese Premier Li Keqiang announced Friday at an annual parliamentary meeting — the country’s most important political event of the year. 

Such growth would come off a low base. China reported GDP growth of 2.3% last year — the only major economy to expand amid the coronavirus pandemic. 

The country’s official economic figures are often doubted for their accuracy. 

Read more .... 

WNU Editor: I am always skeptical of economic stats from Beijing. But if this forecast is "somewhat" accurate, China will be easily surpassing the US economy within 7 - 8 years .... China’s economy could double in size by 2035 — and surpass the U.S. along the way (CNBC). 

 More News On China Setting Its GDP Growth Target For 2021 At 'Over 6%' 

China targets GDP growth of over 6% in 2021 as economic recovery gathers steam -- CGTN 

China vows to create 11m jobs in 2021, back at pre-epidemic level -- Global Times 

China sets growth target ‘over 6%,’ tightening HK control -- AP 

China rebounds with economic growth target above 6% -- BBC 

China sets growth target of more than 6% in 2021 -- CNN 

China sets growth target of more than 6% for 2021 -- Nikkei Asian 

China sets modest 6% economic growth target amid COVID rebound -- Al Jazeera 

Setting 2021 growth target at above 6 %, world will see China’s landmarks: Global Times editorial -- Global Times editorial