China Provinces Target 10% Growth in 2021: Daily

Several Chinese provinces have set GDP targets of over 10% for 2021, while the majority have targeted over 6%, the state-run Economic Information Daily said in a front page report. The targets were set in the regional parliamentary sessions for this year, the start of China's 14th 5-Year economic plan when regions are expected to compete and find new drivers for growth, the newspaper said. China's growth is expected to surge this year given the pandemic hindered normal economic expansion last year, the Daily said. Local authorities are also seeking to boost expansion in higher-value sectors including innovation and the digital economy.