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China says it may even beat 2017 growth target of 6.5%

If growth does beat last year's 6.7%- the lowest in 26 years - it would mark the first acceleration in the growth rate in seven years

Reuters  |  Beijing 

China will have no problem meeting its economic growth target of around 6.5 percent this year, and may even beat it, the head of the Statistics Bureau said on Tuesday, confirming widespread market expectations. Steps taken by the government to rein in the overheated property market have also been effective and will remain in place, Ning Jizhe told reporters in a briefing in Beijing. Analysts have expected that full-year growth would meet or exceed the government's target after the world's second-largest economy expanded by a stronger-than-expected 6.9 percent in the first ...

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First Published: Tue, October 10 2017. 10:54 IST