Economics

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.Photographer: Qilai Shen/Bloomberg

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By Bloomberg News

July 20, 2022 at 12:29 AM UTC

Updated on

July 20, 2022 at 8:47 AM UTC

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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.