Beijing sets softer growth target with eye on financial risks and economic restructuring
Beijing has set a lower economic growth target for this year than the 6.9 per cent achieved last year as it keeps an eye on global trade uncertainties and long-term financial risks and seeks new drivers for the world’s second largest economy.
The growth target of “around 6.5 per cent” revealed in Premier Li Keqiang’s annual government work report on Monday morning did not surprise markets at home or abroad. But it gives the government more flexibility than last year…
Source: China News
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