China on Saturday targeted slower economic growth of around 5.5% this year as domestic headwinds, including a downturn in the country's vast real estate sector and lacklustre consumption, cast a pall on the outlook for the world's second-largest economy.
Gross domestic product grew 8.1% last year, its best showing in a decade and beating the government's target of over 6%, helped by robust exports to economies hit by COVID-19 and due to a low statistical base in 2020, when the pandemic began to spread worldwide.
"In our work this year, we must make economic stability our top priority and pursue progress while ensuring stability."
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