China lowers 2019 GDP growth target to 6-6.5 per cent range
2019-03-05 10:16:17 source：South China Morning Post
March 5, 2019
Beijing has set a lower economic growth target for this year and will step up fiscal measures to stabilise growth, Premier Li Keqiang said in his government work report released Tuesday.
The government set a growth target range of 6 to 6.5 per cent for this year, down from the target of “about 6.5 per cent” set for last year, after factoring in a variety of headwinds, including the trade war with the United States, an already high debt level and financing bottlenecks for private enterprises.
To achieve its aim of doubling the size of the economy in the decade from 2010 to 2020, China must post growth of 6.2 per cent this year, economists at Morgan Stanley estimated.
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