China sets GDP growth target at around 5 percent for 2023

The annual session of the National People's Congress kicked off in Beijing on Sunday and Premier Li Keqiang delivered the Government Work Report at the opening of the first session of the Congress. The main projected targets for development this year include around 5 percent GDP growth, around 12 million new urban jobs and around 3 percent increase of CPI.

Moreover, there are growth in personal income that is generally in step with economic growth, steady increases in both the volume and quality of imports and exports, a basic equilibrium in the balance of payments, grain output of over 650 million metric tons, continued reductions in energy consumption per unit of GDP and in the discharge of major pollutants, with priority on controlling fossil fuel consumption and steady improvements in the quality of the eco-environment.