Home/Forex News Round Up

China’s Xi Says GDP Growth No Less than 6.5% Until 2020: Reports

Share Print 0

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.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
, ,
Back to Top