China Central Bank Adviser Calls for 6%-7% Growth Target Range
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Huang Yiping speaks in interview with Xinhua News Agency
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The 6.5% target is just an average rate, economist says
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 reported. Last year’s target, the first range in two decades, was down from 7 percent for 2015.
The country’s leaders also have a longer-term objective. President Xi Jinping has said he wants expansion to average at least 6.5 percent in the five years through 2020 to achieve the Communist Party promise of building a “moderately prosperous society” by that year with gross domestic product and income levels double those of 2010…
China Central Bank Adviser Calls for 6%-7% Growth Target Range
