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China officially targets 5% growth in 2023

"GDP only grew by 3% last year, well below the official target, as Covid controls and the real estate slump dragged down growth. Retail sales fell by 0.2% in 2022...its deficit-to-GDP ratio is expected to increase to 3% from 2.8% last year."
CNBC
2023-03-06 06:24:10