Reuters breaks news of China growth target

Reuters was 39 minutes ahead in breaking the news that China had set an economic growth target of around 5% for 2023 – an eagerly awaited number that ranks as one of the most important data points in global economics. The target for the world’s second-largest economy was at the low end of expectations, below last year’s goal of around 5.5% and the least ambitious GDP target for decades. The news sent Chinese and global markets lower the following morning when they reopened.