Growth target of around 5.5 pct to generate output equivalent to medium economy: Chinese premier
BEIJING -- A 5.5-percent increase on the basis of over 110-trillion-yuan (about $17.4 trillion) GDP in China today would generate the same amount of output equivalent to the size of a medium economy, Chinese Premier Li Keqiang said Friday.
From a worldwide perspective, it is a hard problem for such a big economy to maintain medium-high growth, Li told a press conference after the closing of the fifth session of the 13th National People's Congress.
China accomplished major goals and tasks on economic and social development last year, laying a solid foundation for this year, according to the premier.
The economy faces new downward pressure and challenges this year. To achieve the growth target, the country needs relevant supporting fiscal policies, he said.
- Senior enterprise official facing probe
- China's anti-graft authorities reveal extent of year's work
- Former Haikou Party chief gets death sentence with reprieve
- Purchase of US-made weapons to push Taiwan closer to the peril of war: spokesman
- WIC calls for submission of cultural heritage digitalization cases
- China calls for global opposition to Japanese neo-militarism
































