China’s economic growth target for 2018 will reflect new changes in the
economy as the government put more emphasis on higher quality
development, the State Council Information Office said on Monday.
The government will set its key targets for 2018 “after earnestly studying new performance, new situations and new problems”, the office, the government’s public relations arm, said in a statement in response to Reuters’ requests for comment on a source-based story.
Policy sources have told Reuters that China’s leaders are likely to maintain this year’s growth target of “around 6.5 percent” in 2018, even as they ratchet up efforts to control systemic risks from a rapid build-up of debt in the world’s second-largest economy.
Buoyed by sustained state spending, a construction boom and resurgent exports, analysts forecast China’s economy should beat the official growth target for this year.
The economy grew 6.7 percent last year, a 26-year low, but has expanded 6.9 percent in the first three quarters of 2017.
The government will set its key targets for 2018 “after earnestly studying new performance, new situations and new problems”, the office, the government’s public relations arm, said in a statement in response to Reuters’ requests for comment on a source-based story.
Policy sources have told Reuters that China’s leaders are likely to maintain this year’s growth target of “around 6.5 percent” in 2018, even as they ratchet up efforts to control systemic risks from a rapid build-up of debt in the world’s second-largest economy.
Buoyed by sustained state spending, a construction boom and resurgent exports, analysts forecast China’s economy should beat the official growth target for this year.
The economy grew 6.7 percent last year, a 26-year low, but has expanded 6.9 percent in the first three quarters of 2017.
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