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China sets GDP growth target of above 6 % in 2021, in show of post-COVID confidence
China announced on Friday a growth target of over 6 percent for its economy for 2021, picking up the decades-long tradition of releasing a numeric goal after skipping it in 2020 due to the COVID-19 pandemic, showcasing top policymakers' solid confidence on the world's second-largest economy to sustain a robust recovery despite internal and external risks. The growth target of over 6 percent is largely in line with a widely accepted forecast of over 8 percent for the year. It would mean that the Chinese economy would once again lead the world in recovering from the impact of COVID-19, outpacing growth in many other ... (full story)