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NPC deputy: China's GDP target signals transformation to high-quality growth
10:45

China has set an economic growth target of around 5 percent this year. This was announced in Premier Li Keqiang's government work report delivered at the opening meeting of the first session of the 14th National People's Congress (NPC) in Beijing.

Andrew Yao, one of the NPC deputies who attended the meeting, told CGTN Radio reporter Xu Yawen that China's GDP growth target signals a more balanced approach of growing not only in size but also in quality. "I think growth should not be just about GDP. The most important growth is the value-addedness of growth. Producing one C919 airplane, I think it's better than producing 10 million pairs of sports shoes," he said.

Moreover, Yao noted it is extremely important to support the private sector, given that it contributes to nearly two-thirds of the country's growth. He expects to see the revival of consumer confidence by the middle of this year.

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