Date
17 October 2017

Govt seen lowering 2014 GDP growth target to 7%, Yicai says

China may lower its gross domestic product (GDP) growth target for next year to 7.0 percent, given the growing need to adjust the nation’s economic structure and control the risks, China International Capital Corp. Ltd. chief economist Peng Wensheng said in a report released Monday, according to news website Yicai.com. The economist sees the reform blueprint from the Communist Party plenum to focus on three aspects, namely enhancing the role of market in resource allocation, narrowing the income gap and boosting consumption, and preventing property bubbles, the report said.

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TL/AC/RC

 

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