China vows to 'transform' economy, targets 5pc growth

By Antoni Slodkowski, Andrew Hayley and Yuhan Lin
Updated March 5 2024 - 5:35pm, first published 5:31pm
Chinese President Xi Jinping and Premier Li Qiang arrive for the opening session of congress. (AP PHOTO)
Chinese President Xi Jinping and Premier Li Qiang arrive for the opening session of congress. (AP PHOTO)

China will target economic growth of about five per cent in 2024, Premier Li Qiang says, promising steps to transform the country's development model, curb industrial overcapacity and tackle risks in the property sector and municipal debt.

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