China Sets Flexible GDP Target to Gain Steam for Structural Reform

CRIEnglish

Zhang Shuai
March 5, 2016

The following is an excerpt. To view the full article please visit the link below

Premier Li Keqiang has set China's GDP growth target at between 6.5 percent to 7 percent this year. For the first time, the growth target has been given as a range instead of as a specific number. And for the second year in a row, the Chinese government has lowered the overall growth target.

In his annual government work report at the NPC session, Premier Li Keqiang announced a flexible GDP target, calling it a reasonable growth range as China is gearing up its structural reforms.

"The main development targets for 2016 are as follows: GDP growth of 6.5% to …

* * *

The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.