Economics
China Sees Multiple Growth Risks, Vows to Meet GDP Target
Nearly-empty roads during a lockdown due to Covid-19 in Shanghai on April 12.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China sees multiple risks to the economy as Covid outbreaks worsen, yet pledged to still meet its ambitious growth target and stabilize jobs.
The economy is facing “greater downward pressure, and difficulties and challenges have increased significantly,” the state-run Xinhua News Agency wrote in a set of questions and answers late Monday, citing unnamed “authoritative departments and persons.”