Beijing announces a 5pc growth target, but hasn’t said how it plans to achieve it

China’s youth unemployment rate soared to record highs last summer

Xi Jinping and Li Qiang, Chinese president and premier, at the National People’s Congress in Beijing. Photo: AP

China has set a bullish target of around 5pc growth this year as Beijing tries to shore up confidence in the world’s second-largest economy.

But analysts feel Chinese premier Li Qiang’s lack of details on how to get there is out of step with the country’s deep challenges.