Global Markets: China sets 5% growth target
By MarketsFarm
WINNIPEG, March 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- China has set a five per cent economic growth target for 2024, Premier Li Qiang announced at the annual meeting of the National People’s Congress. In his first report as premier, Li also promised higher defense spending and structural changes to the country’s economic development model.
- Ukrainian drones reportedly hit a Russian patrol ship off the coast of Crimea in an overnight drone attack. “Right now, this ship is on the seabed as a result of fire damage by unmanned boats,” said a Ukrainian spokesperson. Russia has not officially confirmed the attack.
- The United States is holding its Super Tuesday elections today, which will see voters in 16 states make their choices for who will be the presidential candidates for the Republican and Democratic parties in the upcoming national election. Encumbant Democrat Joe Biden and former Republican President Donald Trump are the front runners and expected nominees.
