Chinese government may cut its GDP target for 2022 to 5% from 6%

Advisers to China's government will recommend authorities set a 2022 economic growth target below the one set for 2021, giving policymakers more room to push structural reforms amid growing challenges to the outlook.

Investors are closely watching for clues on next year's policy and reform agenda as President Xi Jinping and other top leaders hold the annual Central Economic Work Conference due this month.

Three advisers told Reuters they have drafted recommendations for annual economic growth targets ranging from as low as 5 per cent to 5.5 per cent, ahead of the closed-door conclave, down from the “above 6 per cent” target