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China to target 6-6.5% GDP growth in 2019: China Daily
[SHANGHAI] China may set an economic growth target for this year of between 6 per cent and 6.5 per cent, lower than for 2018, the official China Daily newspaper reported on Friday, citing unnamed sources close to policymakers.
"We face greater challenges to stabilise growth compared to the previous year," the paper quoted a National Development and Reform Commission official as saying.
"More efforts will be made to boost infrastructural growth, but in a more efficient way. Local governments need to cut costs and get used to spending less," the official also said.
Reuters on Jan 11 reported that China plans to set a lower GDP growth target of 6-6.5 per cent in 2019 compared with last year's target of "around" 6.5 per cent.
The official target will be unveiled at the annual parliamentary session in March.
On Monday, China will report economic growth data for 2018's last quarter. Growth is expected to have slowed to 6.4 per cent, the weakest pace since the global financial crisis, a Reuters poll showed.