You are here
China, wary of market risks, likely to keep GDP target in 2018
Fears of crackdown on debt highlighted when sell-off in bonds spread to stock market last week
China's economy grew 6.7 per cent last year, a 26-year low, and was targeted to grow around 6.5 per cent this year. But it has grown at an annual 6.9 per cent in the first three quarters on strong demand for exports and sustained state spending.
PHOTO: REUTERS
Beijing
CHINA'S leaders are likely to maintain this year's growth target of "around 6.5 per cent" in 2018, even as they ratchet up efforts to prevent a destabilising build-up of debt in the world's second-largest economy, according to policy sources.
Policymakers will be under
GAIN ACCESS TO ALL BT PREMIUM CONTENT:
Or get a 2-week FREE trial
Need help?
- CALL +65 6388 3838
- EMAIL btocs@sph.com.sg
