Economic news

China is expected to achieve 5% full-year growth target -central bank governor

2023.11.07 22:37


© Reuters. People’s Bank of China (PBOC) Vice Governor Pan Gongsheng speaks at a news conference in Beijing, China March 3, 2023. REUTERS/Florence Lo/File Photo

BEIJING (Reuters) – China is expected to achieve its annual growth target of 5% smoothly, central bank governor, Pan Gongsheng, said at the Financial Street Forum on Wednesday, state media reported.

China’s economic growth momentum improved recently, with production and consumption recovering steadily and employment and consumer prices remaining stable overall, the Securities Times reported.

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