What To Make Of China’s ‘Low’ Growth Target

There were three general takeaways from what I described as China's "cautious" growth target for 2023+. Before enumerating them, I should mention that the target ("around 5%") wasn't as disappointing as you'd be inclined to believe based on media coverage and a few scattered soundbites from fund managers. Sure, it's the lowest target in history, but consider the circumstances. And compare it to estimates of potential growth in developed economies. I'm not sure I'd call it consistent with expec