China sets this year's economic growth target at 'around 5%'

China’s government has set this year’s economic growth target at “around 5%” as it tries to rebuild business activity following the end of anti-virus controls that kept millions of people at home. Premier Li Keqiang, the top economic official, announced the target on Sunday in a report on government plans to the ceremonial legislature, the National People’s Congress. Chinese leader Xi Jinping said earlier that this year’s official priority is an economic revival based on consumer spending after growth sank to 3% last year, its second-lowest level since at least the 1970s.