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Stability for Xi – despite war, Covid and Evergrande

It is part of the ritual of the National People’s Congress to refer to the great difficulties that lie ahead this year. Premier Li Keqiang, however, did not even mention the war in Europe once in his annual speech. He did, however, speak of a “grave and uncertain” outlook – and let a number speak for itself. The party has set its growth target at 5.5 percent, the lowest since 1991.

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