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NPC Expected To Unveil "Above 5%" Growth Target

CHINA PRESS
MNI (BEIJING)

Experts expect the government to announce a GDP growth target of "above 5%" at the National People’s Congress starting this week, according to Yicai.com. The congress should send signals aimed at restoring market confidence in the economy from a policy perspective, and support SMEs through financial and policy support. Experts told the news outlet that fiscal policy would be the main focus of macroeconomic policy, while monetary policy is expected to remain precise and effective. The fiscal deficit rate is expected to reach 3.1%, close to the level of 2021, Yicai.com said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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