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China's economy on track to meet growth target
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CHINA'S economy has shown signs of positive changes and there is clearer evidence of stabilization assisted by supportive policies at home and strengthening demand abroad, the National Bureau of Statistics said today.
The country is on track to meet the government's 2013 economic growth target of 7.5 percent, the bureau said.
"We are confident that China is sustaining the positive growth momentum in the second half, and we will manage to achieve the growth target," said Sheng Laiyun, a spokesman at the bureau, during a briefing.
"The economy is showing some positive changes and signs of growth stabilization are becoming more obvious," Sheng said.
China's economy had been stuck in a weak recovery in the first half, with the growth rate easing to 7.5 percent in the second quarter from 7.7 percent in the first three months.
Supportive measures, including tax reduction for small companies, more investment in infrastructure construction and greater administrative facilitation for exporters, have been adopted to strike the balance between short-term growth stability and medium-term risk mitigation.
In the past two months, however, there were signs of strengthening performance, with data from trade, industrial production, fixed-asset investment and retail sales all turning out to be better than expected.
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