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China Still World’s Growth Engine - Global Times


Beijing’s growth target of around 5% demonstrates a rational and pragmatic development approach, and still shows China remains the main driver of world growth this year, with other major economies set to grow at a slower rate, according to an editorial by the nationalist Global Times. This year's growth target was not low, with 5% growth equal to the entire GDP of most countries, the paper said. The government has experience in accomplishing major tasks and has proven ability in using different policy tools to achieve macro level results. Additionally, this year's target is practical and allows for "various risks that future economic growth may face." The change in leadership at this year’s two sessions will open up a new chapter, and not see a policy U-turn, according to the paper.

MNI Beijing Bureau |
MNI Beijing Bureau |

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