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CHINA PRESS: China 5% GDP Target Expected At Next Week's Congress

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Authorities are expected to announce an annual GDP growth goal of about 5%, a deficit rate of about 4%, and a CPI target below 3% at next week's National People’s Congress, chief economists interviewed by Yicai have said. Roughly half of China’s provinces have lowered their economic growth targets this year, however Wu Chaoming, chief economist at Caixin Financial Holdings, said the moderate reduction reflects a more pragmatic approach in line with the actual growth of the local areas.

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Authorities are expected to announce an annual GDP growth goal of about 5%, a deficit rate of about 4%, and a CPI target below 3% at next week's National People’s Congress, chief economists interviewed by Yicai have said. Roughly half of China’s provinces have lowered their economic growth targets this year, however Wu Chaoming, chief economist at Caixin Financial Holdings, said the moderate reduction reflects a more pragmatic approach in line with the actual growth of the local areas.