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NBS Says It Is Confident GDP Target Is Achievable

CHINA PRESS

China’s growth target of around 5% this year is achievable given the longer term trend of development and the high frequency data since the start of this year, according to Kang Yi, director of the National Bureau of Statistics (NBS). Speaking on the sidelines of the National People’s Congress, Kang said he was confident in the overall improvement of economic activity so far this year. He cited growth in rail freight volume, power generation and loan expansion as evidence the economic rebound was on track, saying he was “really confident in the future”. (Source Yicai.com)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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