Economics

China Central Bank Adviser Calls for 6%-7% Growth Target

  • Huang Yiping speaks in interview with Xinhua News Agency
  • The 6.5% target is just an average rate, economist says
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China should set a more flexible 2017 economic growth target to give policy makers more room to enact reform, according to Huang Yiping, an adviser to the People’s Bank of China.

He proposed a range of 6 percent to 7 percent for this year, compared with the 6.5 percent to 7 percent objective in 2016, the official Xinhua News Agency reportedBloomberg Terminal. Last year’s target, the first range in two decades, was down from 7 percent for 2015.