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China’s Premier Signals Flexible Growth Target, Stimulus Caution

  • No massive stimulus to hit an overly high target, Li said
  • China could miss official growth target of 5.5%: economists
Healthcare workers in protective gear assist residents taking Covid-19 tests in Shanghai on July 19.
Healthcare workers in protective gear assist residents taking Covid-19 tests in Shanghai on July 19.Photographer: Qilai Shen/Bloomberg
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Chinese Premier Li Keqiang signaled flexibility on the growth target and reiterated caution on excessive stimulus, as the economy shows initial signs of recovery from Covid outbreaks.