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January 23, 2014

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NDRC confident China to meet 7% economic growth

China’s top economic planning body yesterday expressed confidence in the country meeting the national economic growth rate target included in its 12th Five-Year (2011-2015) Plan.

“Given current economic trends, there will be no problem at all in China realizing 7 percent average annual economic growth at the end of the 12th Five-Year Plan period,” said Xu Lin, director of the Department of Development Planning in the National Development and Reform Commission.

China saw its economy grow 7.7 percent in 2013, the same as in 2012, with its gross domestic product totaling 56.9 trillion yuan (US$9.4 trillion), data from the National Bureau of Statistics showed.

The increase was less spectacular than the 9.2 percent advance in 2011, when the five-year plan started, but deemed as still satisfactory under the complex international environment and uncertainties regarding global recovery.

NDRC spokesman Li Pumin said China will continue to implement a proactive fiscal policy and steady monetary policy in 2014.

 


 

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