Growth of 6.5% expected through 2020: China’s premier
BEIJING — China’s top economic official says Beijing expects annual growth of “at least 6.5 per cent” through 2020.
Chinese Premier Li Keqiang waves as he leaves Seoul Air Base in Seongnam, South Korea, Nov 2, 2015. Photo: Reuters
BEIJING — China’s top economic official says Beijing expects annual growth of “at least 6.5 per cent” through 2020.
The comments by Premier Li Keqiang are the first indication of a possible official growth target since the Communist Party leadership pledged last week to double the size of the economy from its 2010 level by 2020. Last year’s growth target was 7 per cent.
According to a transcript released by the Chinese Cabinet, Mr Li said in a speech in Seoul, “We propose to achieve the goal of creating a `moderately prosperous society’ by 2020, which requires annual economic growth of at least 6.5 per cent over the next five years.”
Economic growth in the latest quarter declined to a six-year low of 6.9 per cent. AP
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