China sets growth target of ‘above 6%’ for 2021


China’s leaders on Friday set a growth target “above six percent” for 2021, putting it back above pre-pandemic levels, after the virus was largely brought under control at home thanks to strict lockdowns and mass testing.

The goal comes after the world’s number two economy suffered its slowest rate of expansion in four decades because of the strict containment measures and as the disease wiped out global trade.

“In setting this target, we have taken into account the recovery of economic activity,” said Premier Li Keqiang at the opening of the country’s annual legislative session, adding that this dovetails with future goals such as “high-quality development”, innovation and reform.—AFP