China's Tianjin targets 4 pct GDP growth in 2023

A staff member stages a live show at the booth of Chinese carmaker HiPhi during the China Motor Show （Tianjin） 2022 in north China’s Tianjin， Nov． 10， 2022．（Xinhua／Sun Fanyue）

TIANJIN， Jan． 11 （Xinhua） －－ North China’s Tianjin Municipality targets economic growth of about 4 percent in 2023， according to the ongoing annual session of the municipal people’s congress．

Tianjin aims to increase its fixed－asset investment by about 3 percent and its total retail sales by about 6 percent in 2023， Zhang Gong， mayor of Tianjin， said when delivering the government work report at the local legislative session Wednesday．

According to the report， Tianjin also aims to create 350，000 new jobs， with its surveyed urban unemployment rate to stay at about 5．5 percent in 2023．

In 2022， Tianjin’s GDP is expected to reach about 1．6 trillion yuan and the per capita disposable income of local residents is expected to grow at an average annual rate of 5．7 percent． The city implemented targeted policies to stabilize employment， creating 360，000 new jobs last year．