2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China slashes its GDP target to 6 to ______ % recently.
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6.5
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7.4
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6.3
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6.2
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Explanation:
Detailed explanation-1: -China’s economy is in bad shape because of three years of Covid lockdowns and a persistent property market slump. Economists had generally expected growth to slump to a rate between 2.7% and 3.3% for 2022, lower than the government’s target of 5.5%.
Detailed explanation-2: -According to preliminary estimates, the gross domestic product (GDP) was 121,020.7 billion yuan in 2022, an increase of 3.0 percent over last year at constant prices.
Detailed explanation-3: -For the full year of 2022, the economy grew by 3.0%, missing the official target of around 5.5% and marking the second slowest pace since 1976 amid the impact of Beijing’s zero-COVID policy.
There is 1 question to complete.