China’s big “Two Sessions” annual meeting of its rubber-stamp legislature produced a report on Friday that revised GDP growth projections down to a “range” of 4.5 percent to five percent, a significant downgrade from the 4.9 percent to five percent projection for 2025.
The revised growth target implicitly accepts the economic impact of the Iran war — and, in the eyes of many foreign analysts, is still far too optimistic about how well China can weather the loss of oil and gas from Iran and the Persian Gulf.
The “Two Sessions” are the simultaneous annual meeting of the National People’s Congress (NPC) and the Chinese People’s Political…
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