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CHINA PRESS: Local Governments Target Around 5% Growth For 2025

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

More than 10 provinces have set annual GDP growth targets of around 5% this year and prioritised expanding domestic demand, Yicai.com reported. Beijing, Shanghai and Guangdong are targeting about 5%, with Zhejiang province at around 5.5%. Inner Mongolia and Hainan province are aiming for 6% or above. Shanghai, as an international consumer centre city, will organise consumption activities and develop new business models combining commerce, travel, culture, sports and exhibitions, the newspaper said.

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More than 10 provinces have set annual GDP growth targets of around 5% this year and prioritised expanding domestic demand, Yicai.com reported. Beijing, Shanghai and Guangdong are targeting about 5%, with Zhejiang province at around 5.5%. Inner Mongolia and Hainan province are aiming for 6% or above. Shanghai, as an international consumer centre city, will organise consumption activities and develop new business models combining commerce, travel, culture, sports and exhibitions, the newspaper said.