Political advisers put economy in focus for 2022

China's national political advisers are looking forward to the country's economy in the year ahead during the ongoing two sessions.

China has set its economic growth target at around 5.5 percent in 2022 after its GDP expanded 8.1 percent to 114.37 trillion yuan ($18 trillion) last year. Wang Yiming, former deputy head of the Development Research Center of the State Council, said a growth target of around 5.5 percent reflected the government's confidence in economic growth this year.

"It would be a remarkable achievement for China, as an economy with a GDP of over 114 trillion yuan, to maintain such growth given the complex and profound changes in the global development landscape," said Wang, who is also a national political adviser.

Yang Weimin, deputy director of the Economic Affairs Committee of the 13th National Committee of the Chinese People's Political Consultative Conference, said of the 114-trillion-yuan GDP in 2021, the value made by market entities like enterprises accounted for a large portion. Currently, the number of market entities in China exceeds 150 million, of which individual industrial and commercial households have exceeded 100 million.