Beijing: China set its 2018 economic growth target at around 6.5 percent on Monday, in line with expectations but lower than the 6.9 percent output registered last year.
The target, which is the same as last year, was presented in a report for Monday's opening session of the annual National People's Congress, the rubber-stamp parliament.
“The figure, along with an inflation target of three percent, is fitting given the fact that China's economy is transitioning from a phase of rapid growth to a stage of high-quality development,” the report said.
China beat forecasts in 2017 as the world's second grew by 6.9 percent, picking up steam for the first time since 2010 despite a battle against massive debt and polluting factories.
Beijing has largely relied on debt-fuelled investment and exports to drive its tremendous economic growth of the past four decades but it is now seeking to move its economy to more sustainable consumption-based growth. (AFP)
Ada lima makanan yang direkomendasikan dikonsumsi setiap hari untuk meningkatkan kolagen.
Bagaimana caranya agar tetap terlihat cantik, meski tanpa make up?
The Jakarta Interbank Spot Dollar Rate (JISDOR) appreciated by 0.03 percent or four points to Rp13,761 per dollar on Tuesday, Marc…
The Jakarta Composite Index (JCI) dropped by 0.73 percent or 46 points to 6,243.58 on Tuesday, March 20, 2018.
The Jakarta Composite Index (JCI) dropped by 1.11 percent or 69.87 points to 6,219.71 before break on Tuesday.
The Jakarta Interbank Spot Dollar Rate (JISDOR) remained unchanged at Rp13,765 per dollar on Monday, March 19, 2018.
The Jakarta Composite Index (JCI) decreased by 0.24 percent or 15.38 points to 6,289.57 on Monday, March 19, 2018.
Xi Jinping reshaped his core economic team on Monday, promoting two trusted, US-educated lieutenants to key positions at a time of…
The Indonesian Coordinating Ministry of Economic affairs has revealed that the country's economy may reach below 5.01 percent …
The Indonesian government is confident that Indian investors are interested in the country's infrastructure projects.
Japan logged a modest trade surplus in February, government data showed Monday, thanks to brisk car exports including to the…
Hong Kong's richest man, Li Ka-shing, has finally stepped down from his business empire at the age of 89, as one of the world&…