China to be 'stabilizer' of global economy in 2022

[superadmin]

China set a higher than expected GDP growth target of around 5.5 percent for 2022, with analysts saying the goal can be reached through serious efforts by tapping the internal strength of the world's second-largest economy, and that China will continue to be a major world economic driver and a stabilizer of global growth amid headwinds and under the shadow of the COVID-19 pandemic.

The GDP growth target for 2022, announced by Chinese Premier Li Keqiang on Saturday as he delivered the annual Government Work Report to the opening meeting of the fifth session of the 13th National People's Congress (NPC), China's top legislature, projected policymakers' confidence in the resilience of the Chinese economy even as they warned of "many more risks and challenges."

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