MNI Brief: China Has Policy Leeway For GDP Target

China has monetary and fiscal policy leeway to achieve this year's GDP target of around 5%, according to Huang Shouhong , head of the government work report drafting team.

Huang, speaking to reporters on Tuesday, said authorities had reserves in their policy tool kit to achieve economic targets should unexpected risks occur.

Authorities had decided "around 5%" in order to deliver the government's goal for per capita GDP to reach moderately developed country levels by 2035, Huang said.

He believed economic conditions which delivered 5.2% growth last year had not changed, and this year the economy would benefit from less pandemic scarring, continued growth in new drivers, and recent achievements to reduce debt risk.