1. LINE

      Text:AAAPrint
      Economy

      China sets 2018 GDP growth target at around 6.5 pct

      1
      2018-03-05 08:28Xinhua Editor: Gu Liping ECNS App Download

      China has set its GDP growth target at around 6.5 percent for 2018, unchanged from that for 2017, according to a government work report released Monday.[Special coverage]

      Given China's economic fundamentals and capacity for job creation, GDP growth of around 6.5 percent will enable China to achieve relatively full employment, according to the report delivered by Premier Li Keqiang Monday morning at the first session of the 13th National People's Congress, China's top legislature.

      China aims to maintain inflation level at around 3 percent and create over 11 million new urban jobs. The surveyed urban unemployment rate is projected to stay within 5.5 percent, the registered urban jobless rate within 4.5 percent, the report showed.

      The above targets take into consideration the need to secure a decisive victory in building a moderately prosperous society in all respects, and are fitting given the fact that China's economy is transitioning from a phase of rapid growth to a stage of high-quality development, Li said.

      The GDP growth target is the same as that of last year, but might deliver different growth as China makes it clear to prioritize growth quality over pace.

      The projected growth rate reflects China's position of not over-emphasizing speed but stressing improvements in the quality and effect of development, according to another report from the country's top economic planner.

      "We will strongly promote high-quality development," said Premier Li.

      Chinese economy outperformed its annual growth target by expanding 6.9 percent last year, picking up for the first time in seven years.

      The same GDP target set for this year should also be within reach without much difficulty, according to global China watchers.

      The International Monetary Fund in January raised its forecast for China's GDP growth from 6.5 percent to 6.6 percent amid an upbeat outlook for the global recovery. International investment banks including UBS, J.P. Morgan and Nomura also revised their China 2018 GDP growth prediction upward to as high as 6.7 percent.

      Today, China's material and technological foundations are much stronger; its industrial system is complete, its market is vast, its human resources are abundant, and its entrepreneurs and innovators are dynamic, Li pointed out.

      "We enjoy composite advantages, and all this means that we have the ability and the conditions to achieve higher quality, more efficient, fairer, and more sustainable development," Li added.

      Although it has bid farewell to breakneck expansion, China, with a higher-quality growth, will continue its role of stabilizing the global economy by further opening up its market.

      The country will completely open up its general manufacturing sector to foreign investors this year. Meanwhile, access to sectors like telecommunications, medical services, education, elderly care and new energy vehicles will also be expanded for foreign investment, according to Li.

      China's rising middle-income group, with a population of around 400 million, show increasingly bigger appetite for imported products.

      To encourage imports, China will host the first China International Import Expo this year and lower import tariffs on products including automobiles and some everyday consumer goods, said Li. (Updated)

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 国产精品国产自线拍免费软件| 亚洲高清成人一区二区三区| 久操视频在线免费观看| 中国黄色免费网站| 高清一区二区三区免费视频 | 国产乱码免费卡1卡二卡3卡| 成人免费午夜视频| 亚洲国产一区明星换脸| 亚洲欧洲日韩国产综合在线二区| 亚洲jjzzjjzz在线播放| 亚洲成av人在线观看网站| a级在线免费观看| 亚洲av无码专区在线电影 | 亚洲人成自拍网站在线观看| 亚洲精品视频免费| 97国产免费全部免费观看 | jlzzjlzz亚洲乱熟在线播放| 久久精品国产亚洲精品2020| 美女黄色毛片免费看| 麻豆成人久久精品二区三区免费| 四虎影视www四虎免费| 亚洲成色WWW久久网站| 亚洲色中文字幕在线播放| 日本免费久久久久久久网站| 亚洲黄色网站视频| 日本高清不卡aⅴ免费网站| mm1313亚洲国产精品美女| 亚洲精品天堂在线观看| 99在线视频免费| 亚洲视频无码高清在线| 免费a级黄色毛片| 青青青亚洲精品国产| 亚洲国产精品免费观看| 久久久久亚洲AV无码网站| 18禁成年无码免费网站无遮挡| 亚洲精品无码久久毛片波多野吉衣| 成人免费av一区二区三区| 亚洲熟妇无码爱v在线观看| 国产伦精品一区二区三区免费迷| 亚洲欧美成人av在线观看| 久久久久亚洲精品无码网址 |