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China Will Meet Economic Growth Goal This Year: Vice Premier

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China’s economy faces downward pressure but will be able to meet its economic growth target for the year, China’s vice premier Zhang Gaoli said at a forum in Beijing on Wednesday.

Growth in M2 money supply slowed in April versus March, Zhang said at a meeting on tax administration hosted by the OECD. M2 money supply grew 13.4 percent in March.

China has set a target for 6.5 percent to 7 percent GDP growth in 2016, after growth fell to a 25-year low of 6.9 percent in 2015.

Reuters

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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.
Craig Erlam

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