Investing.com - China's top economic planning agency said the government is aiming for GDP growth of 6.5% to 7% this year, offering an early indication of the target that's likely to be set officially by Premier Li Keqiang next month.
Xu Shaoshi, the head of the National Development and Reform Commission, unexpectedly disclosed the number at a briefing in Beijing on Wednesday. He didn't elaborate and and didn't say if this will be the growth target set in the Premier's work report that will be published at the start of the annual meeting of the National People's Congress on March 5.
Li set a growth target of "around 7%" for 2015, and the government struggled to meet that even after a series of interest-rate and reserve-ratio cuts last year, along with faster spending on infrastructure and a range of tax cuts and other policies, expansion came in at 6.9%.