China's new growth goals require a change for attracting foreign investors, official says
A man walks along the Bund in Shanghai on Oct. 17, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — A Chinese official confirmed Monday a shift in the country's growth goals and indicated things will change for foreign investment. Chinese President Xi Jinping on Sunday set the tone for the next five years with a speech that emphasized "higher-quality" growth and the need for national self-sufficiency. He spoke less of rapid economic growth than in prior years. The economic planning agency, the National Development and Reform Commission, held the first press conference following Xi's speech with representatives overseeing food and energy security. "China's economy has shifted from a period of high-speed growth to one of high quality," said Zhao Chenxin, member of the commission's Chinese Communist Party leadership group and vice chairman. "We also face a new situation for attracting foreign investment ," he said. That's accordin...