You are here

China sets 6.5% to 7% growth target, first range since 1990s

Beijing also plans to take steps to curb excess industrial capacity and deal with unprofitable "zombie companies"

BT_20160204_NAHCHINA4_2102059.jpg
The new goal comes at a precarious time as policymakers battle the slowest growth in 25 years, the yuan dropping to a five-year low and the second bear market in stocks in less than a year.

Hong Kong

CHINA set a range for its economic growth target for the first time in two decades, saying the world's second-largest economy would expand 6.5 per cent to 7 per cent this year, slower than last year's goal of about 7 per cent.

While downward pressure on the economy is "

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom