Xi JinPing reaffirms growth target that analysts say is out of reach

Chinese President Xi Jinping speaks during the Saint Petersburg Economic Forum SPIEF 2022, on June 17, 2022, in Saint Petersburg, Russia. (Image: Getty)

Bloomberg

Fri, 24 Jun 2022

Chinese President Xi Jinping pledged to meet economic targets for the year even as the government’s zero-tolerance approach to combating covid outbreaks and a weak housing market put the growth goal further out of reach. In a keynote speech to a virtual BRICS Business Forum on Wednesday, Xi said China will “strengthen macro-policy adjustment and adopt more effective measures to strive to meet the social and economic development targets for 2022 and minimise the impacts of covid-19,” according to a Xinhua report.It was th...

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