China Sets Lowest Growth Target Since 1991
China set its lowest growth target since 1991. The new target is 4.5% to 5% growth.
This is lower than the past three years. The target was around 5% before. China's leaders want to lead in manufacturing technology.
Klear Note — China's growth target shows how fast its economy is expected to expand yearly. Lower targets suggest slower economic growth ahead for the world's second-largest economy.