China’s President Xi Jinping has said the country’s economic growth rate will not be less than 6.5 percent in the five years to 2020, Reuters reported Tuesday, citing the state-run Xinhua news agency.
Beijing needs average growth of close to 7 percent over the next five years to hit a previously declared goal of doubling gross domestic product and per capita income by 2020 from 2010.
But its leaders have been tempering growth expectations in recent months. Premier Li Keqiang has noted last month that China had never set 7 percent growth in stone, while a top People’s Bank of China (PBOC) official said that the country would be able to keep economic growth at around 6-7 percent this year.
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