China targets economic growth of 6.5 to 7 percent in 2016

NPC-CPPCC

China targets economic growth of 6.5 to 7 percent in 2016

Beijing has set a range for its projected economic growth for only the second time in history.

Premier Li Keqiang says the government expects the Gross Domestic Product to expand 6.5 to 7 percent for 2016. The last time China had a target range, instead of a fixed number, was 1995.

As Li spoke at the opening of this year’s National People’s Congress he warned of a difficult battle ahead.

The low end of the new growth goal is a few notches below what China posted last year.  GDP grew 6.9 percent in 2015. While that was its slowest pace in 25 years, it still totaled over $10 trillion.

China targets economic growth of 6.5 to 7 percent in 2016

Beijing has set a range for its projected economic growth for only the second time in history.

Diplomats weigh in on China’s economic goals
Can China achieve this ambitious growth target? The cause-and-effect of the world’s second-largest economy will affect global political and economic development.
CCTV spoke to some foreign diplomats, to explore their interests during this year’s two-sessions.

Diplomats weigh in on China\'s economic goals

Can China achieve this ambitious growth target? The cause-and-effect of the world's second-largest economy will affect global political and economic development. CCTV spoke to some foreign diplomats, to explore their interests during this year's two-sessions.