China is aiming for an economic growth rate above 6% in 2021, after scrapping its target last year. China’s Premier Li Keqiang announced the target on Friday at the opening of this year’s National People’s Congress.
The target marks a return to strong growth after the Covid-19 pandemic impacted the world’s second largest economy. Although China’s economy grew last year, it only managed 2.3% growth, its weakest result in decades. The new target highlights the Chinese economy’s strong rebound after the pandemic shutdowns led to a sharp 6.8% contraction in the first quarter of 2020. (BBC)
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