China NPC: Economy growth target ‘around 6.5%’ in 2018

Source: BBC News

China has set its 2018 economic growth target at “around 6.5%”.

The figure, announced at the opening session of the annual National People’s Congress, is in line with the country’s existing expansion goals.

But it is below the 6.9% reported for 2017 – the first time in seven years the pace of growth picked up.

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The report also said China would clamp down on the kind of financially risky operations which have threatened to cause the collapse of major firms.

It follows last months steps by Beijing to take control of insurance and financial giant Anbang.

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