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Why China’s New Growth Target Misses the Mark

First published: The Wire China, 10th March 2024

For anyone hoping that the National People’s Congress (NPC) in Beijing last week might have filled the economic policy void left by the silence of policymakers over the long winter months —and the still unannounced Third Plenum — there was only disappointment. There were no surprises in the main speeches and policy documents, no new or comprehensive proposals to address China’s systemic economic problems, and no convincing case that the government’s ‘around 5 per cent’ GDP targetfor this year will be met. Read on …..