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MNI BRIEF: China Work Report Shows Active Macro Approach

Central Bank NewsPolicy NewsPBOCAPACEM Policy NewsChinaEM BriefBriefStory

MNI (BEIJING) - China can achieve its GDP growth target of around 5% as officials implement increasingly active macro policies this year, said Shen Danyang, director of the Research Office at the State Council.

Shen, who led the drafting of this year's work report, said the target was inline with the nation’s development prospects. Economic drags such as the property sector were gradually weakening and new industries such as electric vehicles and shipbuilding would become a strong growth engine, Shen noted.

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MNI (BEIJING) - China can achieve its GDP growth target of around 5% as officials implement increasingly active macro policies this year, said Shen Danyang, director of the Research Office at the State Council.

Shen, who led the drafting of this year's work report, said the target was inline with the nation’s development prospects. Economic drags such as the property sector were gradually weakening and new industries such as electric vehicles and shipbuilding would become a strong growth engine, Shen noted.