Growth target of around 5.5 pct to generate output equivalent to medium economy: Chinese premier

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Growth target of around 5.5 pct to generate output equivalent to medium economy: Chinese premier

STORY: Growth target of around 5.5 pct to generate output equivalent to medium economy: Chinese premier DATELINE: March 11, 2022 LENGTH: 00:08:01 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. various of Chinese Premier Li Keqiang STORYLINE: A 5.5-percent increase on the basis of over 110-trillion-yuan (about 17.4 trillion U.S. dollars) GDP in China today would generate the same amount of output equivalent to the size of a medium economy, and China will increase government spending and extend tax and fee cuts to enable steady growth in 2022, Chinese Premier Li Keqiang said at a press conference Friday after the closing of the fifth session of the 13th National People's Congress. From a worldwide perspective, it is a hard problem for such a big economy to maintain medium-high growth, Li told a press conference after the closing of the fifth session of the 13th National People's Congress. China accomplished major goals and tasks on economic and social development last year, laying a solid foundation

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