This year, we face new downside pressures and challenges, with much complexity and rising uncertainty. Last year, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, and thanks to the joint efforts of people across the country, we successfully achieved the major goals and tasks for economic and social development for the year, and laid a good foundation for development this year. Our macro economic policies are informed by ChinaвЂ™s national conditions, and I have no intention to comment on the policies of other countries here. I think that very much has to do with our reasonable macro economic policies. As a result, despite the high inflation worldwide, ChinaвЂ™s CPI rose less than 1 percent from last year to February this year. In spite of the severe situation, we refused to flood the economy with mass stimulus or excessive money supply. And we reserved policy space for coping with new challenges this year. We cut the deficit-to-GDP ratio and steadily lowered the macro leverage ratio. Nevertheless, we set macro economic policies, including fiscal, monetary and employment policies, against this 6 percent GDP growth target. But still we decided to set the growth target at above 6 percent, meaning that we left possibilities open for even faster growth, say, 8 percent, and we would welcome that. My response was that we were aware of the possibility for even faster growth of the economy because of a low base of the previous year. I recall that at last yearвЂ™s press conference, a journalist asked me whether a 6 percent GDP growth target was a bit too modest. You said that a 5.5 percent GDP growth target for this year is viewed an ambitious one. Experience in the global sphere shows that it will be no easy for such a big economy to keep a medium-high growth rate. Continued growth would be growth on a high base. Last year, ChinaвЂ™s economic aggregate reached over 110 trillion RMB yuan.

Premier Li: You asked about ChinaвЂ™s economic growth. Does this signal that China may make short-term adjustments this year that favor economic growth over a structural change and reducing carbon emissions? How does China balance the two? And specifically on Ukraine, how do ChinaвЂ™s important trading relationships with Europe and the US factor into the governmentвЂ™s response to the crisis? Are you concerned that ChinaвЂ™s support for Russia could harm those relationships and then in turn the Chinese economy itself? At the same time, the government has set a 5.5 percent growth target that many economists see as ambitious given the pandemic and the war in Ukraine.

In the past year, the government has taken steps to reduce debt in the real estate market and regulate the digital economy. He noted that due to COVID-19 the press conference was again held via video link this year and then opened the floor for questions.ДЄssociated Press: I want to get your thoughts on the economic challenges China faces as it transitions from a high-growth era to a more sustainable, equitable and green growth. In his opening remarks, Premier Li Keqiang said that he was delighted to meet friends from the media and thanked the journalists for their hard work in covering ChinaвЂ™s NPC and CPPCC Sessions. Premier Li Keqiang met with Chinese and foreign reporters and answered their questions at the invitation of Spokesperson Mr. The Fifth Session of the 13th National PeopleвЂ™s Congress held a press conference at the Great Hall of the People on the morning of March 11, 2022.

Other words for recent years