ALBAWABA - China has set an official economic growth target of 5 percent this year, underscoring its desire to revive the world's second economy after a slowdown caused by lockdowns under the COVID-19 pandemic. Beijing also plans to expand its defense budget 7.2 percent this year, according to CNN . China said its economy would grow around 5 percent this year, vowing a recovery after reversing Covid controls that stifled ...