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has set out its economic forecast for the year. the country has set a modest target for economic growth this year of around 5%, as it kicked off the annual session of its national people s congress which is poised to implement the biggest government shake up in a decade. last year, successive strict lockdowns slowed growth in china. official figures show the world s second largest economy grew by 3% last year, which was way below the government target of 5.5% and its slowest for decades. janet mui is head of market analysis at brewin dolphin. talk to me about this slowdown because it is a sort of figure that most developed economies would love to have right now, but a slow down to have right now, but a slow down to 5% marks quite a shift in a china s economic outlook. good morning- china s economic outlook. good morning. thank china s economic outlook. good morning. thank you china s economic outlook. good morning. thank you for - china s economic outlook. good mo ....
Year, the figure this year is for domestic economic growth, which is by domestic assumption. i think that would be a good story because of the ending of the strict covid i9 strategy, already seeing data showing that the traffic in china has picked up, they are already starting to see congestion on the roads, so these are signs that people are going out and about. so the domestic economy, the headwinds will still be there, the confidence is returning, as people anticipate it, and the youth and unemployment is youth unemployment is almost at a i7%, is youth unemployment is almost at a i7%, quite high, so the government will need to address that. we 17%, quite high, so the government will need to address that. will need to address that. we have been very used will need to address that. we have been very used to will need to address that. we have been very used to strong - will need to address that. we have been very used to strong growth . been very used to strong growth figures from ....
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Pame tayr.bi a mela me aiay undstanou la suort ais ornd youanon t ppor in? sut or iou th tk e ba orn? is prhlemac baiffents frts. i pruldma gi it fe lmite fr su.ort. i digit tnk tre lteare sut. letima tblic tafe coeerns but heve tma rry abo icfe freeom ofns t h telion y.bo eeof li ean:sn this r a. reas? th rason bei n: ts ahat as th rason frce aei beiumatand fr a eat itaiontieem had trd tt aiti saw to tr t-have s trd to shoveolence tr tho shia crts levee erged has beme a sh cs ocie eed wiin aocie. asbe e idethatiewi aria aie wch i oftedebehiat a lf iais w is i teimpohid in lepare curts i don that eate poinonfarct cth ats fre socidoy?tt te nf i uldn are suort sciarat cour i f dnut shariathat ur le fl sysmri prlem.t le that notysrobmprithm. ligis at intotpretion.ob ....