China restores GDP target after economy’s growth

05.03.2021 - Kulakov Vladimir
China restores GDP target after economy’s growth

On Friday, China decided to restore its annual economic growth target, setting its outlook above 6% and pledging that it will increase job vacancies in cities than last year. The decision came after the world’s second-biggest economy staged an impressive rebound from the coronavirus drag.

Last year, the coronavirus pandemic prompted China to drop its gross domestic product growth for the first time since 2002. In 2021, it was restored as Premier Li Keqiang announced that the country’s growth rate has been set at over 6% for this year.

Included in Li’s report is the country’s plan of creating more than 11 million new urban jobs. The new target came larger than last year’s target of over 9 million jobs. More so, China’s GDP recorded a 2.3% expansion last year, recovering impressively above its peers.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?