Growth target of around 5.5 pct to generate output equivalent to medium economy: Chinese premier
BEIJING -- A 5.5-percent increase on the basis of over 110-trillion-yuan (about $17.4 trillion) GDP in China today would generate the same amount of output equivalent to the size of a medium economy, Chinese Premier Li Keqiang said Friday.
From a worldwide perspective, it is a hard problem for such a big economy to maintain medium-high growth, Li told a press conference after the closing of the fifth session of the 13th National People's Congress.
China accomplished major goals and tasks on economic and social development last year, laying a solid foundation for this year, according to the premier.
The economy faces new downward pressure and challenges this year. To achieve the growth target, the country needs relevant supporting fiscal policies, he said.
- Liaison office of central govt spokesperson hails Macao SAR 8th Legislative Assembly election
- China discovers highest-altitude Qin Dynasty engraved stone on Qinghai-Tibet Plateau
- Traditional culture enthusiasts experience handicraft exchange at museum in China's Xinjiang
- Promoting intl rule of law for fairer global governance
- Sovereign equality is anchor of fairer global governance
- Xi's vision for better global governance seeks to build a fairer world
