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China announces 'over 6%' economic growth target, become more self reliant

China's top economic official announced a healthy growth target for the nation and its plans to become a more self-reliant technology leader amid tension with Washington and Europe over trade

Yuan, Chinese currency, FDI, Chinese investments, China investments

Photo: Shutterstock

AP Beijing

China's top economic official announced a healthy growth target for the nation and its plans to become a more self-reliant technology leader amid tension with Washington and Europe over trade, Hong Kong and human rights.

The ruling Communist Party is aiming for economic growth of "over 6 per cent" as it rebounds from the coronavirus pandemic, Premier Li Keqiang said in a report to China's ceremonial legislature Friday.

China became the only major country to grow last year, eking out a 2.3 per cent expansion after the then-unprecedented step of shutting down most of its economy to fight the coronavirus.

 

Li also announced plans to accelerate technology development that communist leaders see as a path to prosperity and greater global influence.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 05 2021 | 7:25 AM IST

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