China sets economic growth target of 5% as parliament opens
China’s National People’s Congress (NPC) has kicked off its annual parliamentary session, announcing a modest target for economic growth of about 5 percent. The session, which began in Beijing on Sunday, is also set to hand President Xi Jinping a third term in office and implement the biggest government shake-up in a decade. Outgoing Premier Li Keqiang opened the meeting at 9am (01:00 GMT), reading out a work report that said it was essential to prioritise economic stability and set a goal of economic growth at “around 5 percent”, one of the country’s lowest in decades. The report also announced a target of creating about 12 million urban jobs this year, up from last year’s mark of at least 11 million. Al Jazeera’s Katrina Yu reports from Beijing. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ #China #XiJinping #ChinaNationalPartyCongress #NPC #ChinaEconomicGrowth #ChinaEconomy #ChinaGDP
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