RTTNews reports that China's government at the annual parliamentary meeting has set growth target for 2021.

Premier Li Keqiang announced that the government targets to achieve above 6 percent economic growth this year.

In 2020, the government avoided setting an annual growth target due to uncertainty caused by the coronavirus pandemic.

The economy had expanded 2.3 percent last year, making China the only major economy to avoid a contraction amid the Covid-19 pandemic. However, this was the weakest growth since 1970s.

The fiscal deficit is expected to be about 3.2 percent of GDP compared to 3.6 percent in 2020.

The surveyed jobless rate in urban areas is projected to reach 5.5 percent this year. The government plans to create more than 11 million urban jobs compared to over 9 million employment in 2020.

The government forecast consumer prices to rise around 3 percent in 2021.