Chances are high for China to meet or exceed growth target this year – former PBOC official
Chances are high for China to meet or exceed growth target this year – former PBOC official

Chances are high for China to meet or exceed growth target this year – former PBOC official

 

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Chances are high that China will meet or exceed its relatively modest economic growth target for this year, said Sheng Songcheng, a former head of the statistics and analysis department at the People’s Bank of China.

The GDP growth goal of around 5% “is a relatively prudent, pragmatic target,” he said.

Based on calculations from provincial GDP targets announced, growth would come in at about 5.6% this year, he said.