China Warns Against ‘Worship’ of Chasing Faster Economic Growth

Chinese state media warned against blindly chasing faster growth and signaled more focus on boosting consumption in a flurry of articles setting the stage for a key economic meeting next week.

While officials have made every effort to hit this year’s expansion goal, coming in “a little to the left or right” of that around 5% target would be “acceptable,” the official Xinhua News Agency wrote in a commentary late Tuesday, in an apparent attempt to manage expectations.