5 reasons why China’s 5% GDP growth target is in the news

News Snapshot:

Analysts have been warning investors to stay away from investing in China. Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani said, ‘Most people think that is not the real growth number—it was actually a lot weaker’ Premier Li Qiang addressed National People's Congress at the Great Hall of the People in Beijing on Monday. Reuters file China is still in the midst of a property crisis, and consumers aren’t spending as freely as before, despite that the government expects “around 5 per cent” GDP growth for 2024. Though the Xi Jinping administration appears to be optimistic in achieving the target, the...