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China signals it could miss economic growth target
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China has signalled that it may miss its annual economic growth target, as Covid restrictions weigh on the world’s second largest economy.
On Thursday, the Politburo – the ruling Communist Party’s top policy-making body – said it aims to keep growth within “a reasonable range”.
It did not mention the official growth target of 5.5% it had earlier set.
China is continuing to pursue a zero-Covid policy that has put major cities into full or partial lockdowns.
In a statement after its quarterly economic meeting, the 25-member Politburo, which is chaired by President Xi Jinping, said leaders would “strive to achieve the best results possible”.
However, it also called on stronger provinces to work to meet their growth targets.
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Analysts said the lack of a GDP mention was notable, though economists had earlier predicted it would be difficult for China to reach its 5.5% target.
“The 5.5% growth target is no longer a must for China,” Iris Pang, chief China economist at ING Bank, had told news outlet the Wall Street Journal.
They also added that China was urging larger provinces to make up for those that were more affected by the lockdown.
“Beijing requested that provinces which are relatively well-positioned should strive to achieve economic and social targets for this year,” Nomura analysts Ting Lu, Jing Wang and Harrington Zhang said in a note.
“We think Beijing is suggesting that GDP growth targets for provinces with less favourable conditions, especially for those that were hard hit by the Omicron variant and lockdowns, could be more flexible.”
Earlier this month, China said its economy had contracted sharply in the second quarter of this year.
Large Chinese cities, including the major financial and manufacturing hub of Shanghai, were put into full or partial lockdowns during this period.
China’s once-booming property market is also in a deep slump, and home sales have fallen for 11 consecutive months.
Several Chinese developers have halted the construction of homes that had already been sold, because of concerns over cash flow.
In recent weeks, some home buyers have threatened to stop paying their mortgages until the work restarts.
In 2020, China made the rare decision to scrap its GDP targets, in light of the pandemic.
GDP measures the size of an economy. Gauging its expansion or contraction is one of the most important ways of measuring how well or badly an economy is performing and is closely watched by economists and central banks.
It also helps businesses to judge when to expand and recruit more workers or invest less and cut their workforces.
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Odyssey has been the lead content writer and content marketer. He has vast experience in the field of writing. His SEO strategies help businesses to gain maximum traffic and success.
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Odyssey has been the lead content writer and content marketer. He has vast experience in the field of writing. His SEO strategies help businesses to gain maximum traffic and success.
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Love Island SPOILER: The singletons couple up as Maya Jama welcomes them to the villa
Love Island kicks off for a new series of Monday nights, with the new singletons coupling up into the first five pairs.
Fans will see the ten singletons move into the luxury villa in South Africa, with the boys seen arriving first.
New host Maya Jama gets stuck in, questioning the five hunks on their love lives, before telling them the girls will soon be making their entrance to pick which boy they want to couple up with.
Here we go! Love Island kicks off for a new series of Monday nights, with the new singletons coupling up into the first five pairs
Shaq and Haris arrive together, before welcoming Will, then Ron, then Kai to their sun-drenched new home.
Maya invites the boys to gather at the fire pit and quizzes them on what they’re looking for.
New host: Fans will see the ten singletons move into the luxury villa in South Africa, with the boys seen arriving first before new host Maya Jama makes her entrance
Maya asks: ‘Is everyone excited, be honest, how many press ups did we do this morning?’ Shaq answers: ‘I’d say at least 75.’
Maya asks: ‘Shaq, have you got a type?’ He says: ‘Not specifically, I go for more personality and vibes but she’s definitely got to be funny, funny is top of my list, I love it.’
Kai adds: ‘I am looking for a wifey,’ while Haris reveals: ‘I’ve never been in a relationship’
First arrivals: Shaq and Haris arrive together, before welcoming Will, then Ron, then Kai to their sun-drenched new home
Ron says: ‘For me it’s all about if they are nice girl.’
Meanwhile farmer Will tells Maya: ‘I wanna settle down, I think it’s time to bring a girl back, introduce them to the animals.’
Maya then declares: ‘I think I’ve found out enough, are you lot ready to meet some girls?’
Inviting the boys to stand before her by the pool Maya then says: ‘Well boys, it is time to couple up, the girls will come in one by one and I’ll ask you to step forward if you fancy them.’
Grand entrance: As they’re getting to know each other, Love Island’s new host Maya Jama makes her entrance after an epic arrival by helicopter
Getting the gossip: Maya invites the boys to gather at the fire pit and quizzes them on what they’re looking for
Getting stuck in: Maya asks: ‘Is everyone excited, be honest, how many press ups did we do this morning?’
The big moment: Inviting the boys to stand before her by the pool Maya then says: ‘Well boys, it is time to couple up
‘Each girl will then decide which boy she wants to couple up with. It’s that simple. So who’s ready to meet our first girl?’
One by one Tanya, Anna-May, Lana, Olivia and Tanyel make their entrance into the Villa.
As the first coupling of the series gets underway, it’s time to see which boys the girls pick and whether they will step on each other’s toes to couple up with the boy they fancy the most.
Here come the girls: One by one Tanya, Anna-May, Lana, Olivia and Tanyel make their entrance into the Villa
Ready for love: ‘Each girl will then decide which boy she wants to couple up with’ Maya tells the ten new singletons
Making an impression: The girls are dressed in their most sizzling bikinis for their first meeting with the boys
It’s getting hot out here: Lana and Tanya are seen deciding on which boy to pick
Gorgeous: Michelle Keegan body double Olivia looks stunning in a hot pink bikini
Once the couples are formed, Maya says: ‘We now have five lovely couples but will you stay together or will your heads be turned?’
As Maya makes her exit from the Villa, she says: ‘Don’t forget finding your perfect match is never that simple, trust me I know.’
As night falls and the Islanders get to know each other a little better, it’s not long before news that the public have been voting for the first bombshell reaches the freshly formed couples.
On the lookout for love: The boys are tasked with stepping forward if they fancy a girl
Sun’s out guns out: The boys strip down to shorts for their big moment in the first recoupling of the new series
Take your pick: With five hunky singletons to choose from, the girls are spoilt for choice
Home sweet home: The Islanders will be calling this sprawling villa in South Africa home
LOVE ISLAND 2023: MEET THE CONTESTANTS
Tanya Manhenga
Name: Tanya Manhenga
Age: 22
Location: Liverpool
Occupation: Student and model
Something not many people know about her: ‘I have Vitiligo, which is a skin pigmentation, you may not even notice it.’
‘It’s on my lip and I have a stripe on my hair. Not many people know that but I think it’s quite cute.’
‘I don’t care about covering it up all the time, I think it’s a vibe.’
Lana Jenkins
Name: Lana Jenkins
Age: 25
Location: Luton
Occupation: Makeup artist
Something not many people know about her: ‘In my work as a makeup artist I’ve worked with lots of celebrities.
‘Also, when I was 6-years-old I used to live in Spain and I was in an episode of Benidorm as an extra.’
Anna-May Robey
Name: Anna-May Robey
Age: 20
Location: Swansea
Occupation: Payroll assistant
Something not many people know about her: ‘I went on a date once and I never saw him again.’
‘We went for food and shared a bottle of wine. As I was speaking to him he fell asleep!’
‘I had to clink his wine glass to wake him up.’
Tanyel Revan
Name: Tanyel Revan
Age: 26
Location: North London
Occupation: Hair stylist
Something not many people know about her: ‘My celebrity crush is Channing Tatum – I don’t like pretty boys, they give me the ‘ick’ because they always have a crap personality.’
‘Channing Tatum is handsome but not too pretty. He’s manly and he can dance.’
‘If a man can dance I’m in love with him straight away.’
Olivia Hawkins
Name: Olivia Hawkins
Age: 27
Location: Brighton
Occupation: Ring girl and actress
Something not many people know about her: ‘I did a film with Jason Statham and had a nice 10-minute convo about life.’
‘I’ve been a ring girl for KSI, I played a waitress in James Bond with Daniel Craig and I’ve also been a body double for Michelle Keegan and Emma Watson.’
Kai Fagan
Name: Kai Fagan
Age: 24
Location: Manchester
Occupation: Science and PE teacher
Something not many people know about him: ‘I’m a Jamaican citizen. Because of that I played rugby 7s for Jamaica.’
‘I play semi-professional rugby now for Burnage RFC.’
‘I’ve technically got three different degrees and went to three different unis.’
Ron Hall
Name: Ron Hall
Age: 25
Location: Essex
Occupation: Financial advisor
Something not many people know about him: ‘On meeting me, you’d never know I am blind in one eye.’
‘It was the result of a football injury when I was 8. I’ve got two different coloured eyes, one blue and one green.’
Will Young
Name: Will Young
Age: 23
Location: Buckinghamshire
Occupation: Farmer
Something not many people know about him: ‘Every night I light a candle and meditate for 20-25 minutes.’
‘A girl I was seeing told me to meditate, I tried it and loved it. I stopped seeing her and carried on meditating!
‘It’s a nice way to self reflect.’
Shaq Muhammad
Name: Shaq Muhammad
Age: 24
Location: London
Occupation: Airport security officer
Something not many people know about her: ‘I’m a very emotional person. It can be a blessing and a curse.’
‘Every time I watch Dear John I cry.
That’s my favourite film. Any time I’m with someone and they say, ‘Let’s watch a romantic film’, I’m like, ‘How about Dear John, how does that sound?’
Haris Namani
Name: Haris Namani
Age: 21
Location: Doncaster
Occupation: TV salesman
Something not many people know about her: ‘I’ve never found love. I think this is the show that can help me.’
‘It’s the best opportunity for me to find the girl and find the right one. I’ve obviously not found the right one myself.’
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Odyssey has been the lead content writer and content marketer. He has vast experience in the field of writing. His SEO strategies help businesses to gain maximum traffic and success.
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