'China needs 7% annual growth to hit per capita GDP target'

Image
Reuters
Last Updated : May 28 2013 | 2:27 AM IST
China needs average annual economic growth of seven per cent to reach its goal of doubling per capita gross national product by 2020, Premier Li Keqiang said on Monday during a visit to Berlin.

Speaking after talks with German Economy Minister Philipp Roesler, Li also described China's 7.7 per cent economic growth notched up in the first quarter of this year as "appropriate".

Some recent data have suggested the world's second largest economy is losing momentum and economists say it may miss its 2013 growth target of 7.5 per cent.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 28 2013 | 12:18 AM IST

Next Story