Chinese Provinces Mostly Target Growth of 5% or More in 2023
- Goals less ambitious than 2022 after Covid, property slowdown
- Boosting consumption is a common theme raised by localities
This article is for subscribers only.
China’s provinces are almost all targeting economic growth of 5% or more in 2023 after missing their goals last year amid the Covid and property-fueled slowdown.
Most of China’s 31 provincial-level jurisdictions — including economic powerhouses Zhejiang and Shandong — see their economies expanding between 5% and 6.5% this year from a year ago, according to Bloomberg analysis of local government work reports.