China Maybe Happy With Slower Pace of Growth

According to local media reports, China could lower its official growth forecast to 7 percent next year – a move that would definitely be worth watching and one that suggests Beijing is growing more comfortable with slower pace of growth, China watchers say.

Economic growth of 7 percent is the bottom line for policymakers and any stimulus efforts could make the task of controlling the property market and inflation much harder, the China Securities Journal reported late last week.

In addition, press reports say that Premier Li Keqiang has requested studies on the feasibility of lowering the official growth target to 7 percent next year. China targets economic growth at 7.5 percent this year, the same level as in 2012.


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