China Aims for 5% GDP Growth in 2022 Despite Economic Headwinds
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China expects to hit its 2022 GDP growth target of around 5% this year.
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China must transform its growth model to pursue high-quality and sustainable expansion, according to central bank governor Pan Gongsheng.
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Production, consumption, employment and prices are recovering and stable overall recently.
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The central bank will keep liquidity reasonably ample and improve inefficient fund use.
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China aims to revive growth after COVID-19 rebound stalled amid property slump and local debt risks.