David Pierson, Alexandra Stevenson, Chris Buckley and Keith Bradsher
China’s top leaders sought to project confidence in the country’s economy on Wednesday despite sluggish growth, an escalating trade war with the United States and growing geopolitical uncertainty caused by the Trump administration.
The government will aim to expand China’s economy by “around 5 percent” this year, said Premier Li Qiang, China’s highest-ranking official after Xi Jinping, at the opening of the annual session of the country’s rubber-stamp legislature.
Mr. Li acknowledged that the economy faced many challenges and that “arduous efforts” would be needed to meet the targets. But he struck a positive note about the country’s prospects, saying: “The underlying trend of long-term economic growth has not changed and will not change. The giant ship of China’s economy will continue to cleave the waves and sail steadily toward the future.”
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