Xi sees annual growth of no less than 6.5% in next 5 years

Beijing

CHINA'S president signalled policy makers will accept slower growth, but not much slower, as details of a blueprint set to define his term as leader were released on Tuesday.

Annual growth should be no less than 6.5 per cent in the next five years to realise the goal to double 2010 gross domestic product and per capita income by 2020, President Xi Jinping said on Tuesday, according to the official Xinhua News Agency. The 13th five-year plan, details of which were announced on Tuesday, is the first to confront an era of sub-7 per cent economic growth since Deng Xiaoping opened the nation to the outside world in the late 1970s.