China's economic growth target for 2024 set at around 5%, AP Explains

China’s economic growth target for this year is around 5%, in line with last year’s performance despite forecasts for a slowdown. Chinese Premier Li Qiang announced the plans Tuesday, Mar. 5, before the National People’s Congress. The ruling Communist Party has said it is prioritizing efforts to encourage consumer spending to help drive the economy. (AP video: Tian Macleod Ji) (Mar. 5)