Caixin Summit: China Should Set GDP Target of No Less Than 5% for 2023, Top State Economist Says

What’s new: China should set a GDP growth target of no less than 5% for 2023, Liu Shijin, a member of the Chinese People’s Political Consultative Conference (CPPCC), the top advisory body on governance, said at the 13th Caixin Summit, emphasizing the need to turn the economic downturn around.

“China’s economy has been growing at an average pace slower than its potential for the past three years,” Liu, a deputy director of the economic committee of the national committee of the CPPCC, told a panel audience in Beijing on Friday.