Economics
China Sets Growth Target of About 6.5% Amid Pledges to Ease Risk
- M2 money supply growth objective lowered to about 12%
- CPI target increase about 3%, retail sales growth of about 10%
Takeways From China's National People's Congress
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China set a 2017 growth target of "around 6.5 percent, or higher if possible" as focus shifts to easing risk and ensuring stability before a twice-a-decade leadership transition this year.
The objective outlined Sunday in Premier Li Keqiang’s work report to the National People’s Congress in Beijing compares with last year’s target range of 6.5 percent to 7 percent. Economists surveyed by Bloomberg project 6.5 percent expansion this year.