Economics
China Is Under Pressure to Fix the Conflict Between Growth and Reform
- Meeting will set 2016 growth and fiscal deficit targets
- Pressure builds for clarity on capacity cuts, fiscal support
What to Expect From China's Five-Year Plan
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China’s leaders gather Saturday for an annual meeting as pressure mounts to reconcile growth targets with curbs on industrial capacity and debt that will drag on expansion.
The meeting of the National People’s Congress will set an annual growth target for this year -- flagged at 6.5 to 7 percent by the National Development and Reform Commission -- and provide a draft of a five-year plan. Investors hope for details on how loss-making state enterprises can be shuttered without triggering a slump and how debt that surged to 247 percent of gross domestic product last year can be reined in.