7 December 2022 | Other

China considers a GDP target near 5% as focus shifts to economic growth

Reliable sources said that Chinese officials are discussing economic growth targets for 2023. The benchmark is likely to be a level of 5%. This is due to the shift in the course Beijing had previously chosen. Now, the country is looking at economic recovery. 

Some officials stated that this level of GDP is rather high. But it would facilitate a shift from a COVID-19-driven policy towards boosting the Chinese economy. Alternatively, the target of 5% may be too ambitious. 

Despite the recent economic turmoil caused by record outbreaks of COVID-19 and the real estate market crisis, China is now adopting a proactive stance on economic growth. As stated by the Political Bureau of the Chinese Communist Party, the goal is to continue the country's economic recovery as well as to boost the confidence of market participants. 

Company MarketCheese
Brent sell
Period: 07.11.2025 Expectation: 250 pips
Brent crude is heading downward ahead of OPEC meeting
Today at 09:23 AM 5
Period: 07.11.2025 Expectation: 750 pips
AUDCAD primed to test technical resistance one more time
Today at 09:22 AM 6
Period: 06.11.2025 Expectation: 250 pips
Invest in natural gas to capture $3.500 in growth amid soaring demand
Yesterday at 11:49 AM 58
Period: 30.11.2025 Expectation: 6400 pips
Buying GBPUSD amid stronger UK economic data
Yesterday at 11:07 AM 30
Period: 31.12.2026 Expectation: 5500 pips
Buying AUDUSD with 0.69000 in view
Yesterday at 10:34 AM 33
Period: 06.11.2025 Expectation: 2440 pips
Selling USDJPY as dollar gets less support
Yesterday at 07:08 AM 28
Go to forecasts