Chinese Premier Li: Growth below 7.5% ‘acceptable’

Chinese Premier Li Keqiang said economic growth of slightly more or less than 7.5 percent this year would be acceptable as long it still led to new jobs and higher wages, the official Xinhua news agency reported late on Thursday.

“Growth rate slightly higher or lower than 7.5 percent is acceptable, as long as our development creates jobs, boosts incomes, has quality and efficiency, favors energy savings and environmental protection, and is not an exaggeration and (is) real,” Xinhua quoted Li as saying at an economic symposium on Tuesday.

Analysts suggested Li’s latest remarks signaled some flexibility in hitting the annual growth target and put more emphasis on reform than simple expansion.

CNBC

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