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China premier confident of hitting 2022 growth target as hurdles continue

China rarely misses its economic growth target, but many economists believe the 2022 goal will require additional stimulus to ward off a slowdown.

Li Keqiang,  Chinese Premier
premium

Li Keqiang says this will be his final year as Chinese Premier. (File photo)

Reuters Beijing
Chinese Premier Li Keqiang said on Friday he is confident of hitting this year's economic growth target, despite headwinds including the war in Ukraine, pledging to provide more policy support during a politically sensitive year.

Li, who confirmed that he is in the final year of his premiership, kicked off the annual session of parliament last Saturday by setting a growth goal of around 5.5%, which many economists say is ambitious given challenges including a property downturn, COVID-19 flare-ups and an uncertain global recovery.

"China's economy will be able to overcome the difficulties and achieve major full-year economic and social goals and

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