China is on course to achieve its five percent target foreconomic growthin 2023 set by Beijing earlier this year, premier Li Qiang said.
China is grappling with a slowing post-Covid recovery, with a number of lacklustre indicators in recent weeks signalling the rebound is running out of steam.
Beijing’s central bank last week cut two key interest rates in a bid to counter the slowdown in the world’s second-largest economy.
Reports this month have suggested Beijing is lining up a tranche of measures targeting multiple areas of the economy, particularly the real estate sector, which makes up a huge portion ofgross domestic product.