China's top economic planner confident on economy growth

BEIJING Wed Mar 5, 2014 2:28am EST

Related Topics

BEIJING (Reuters) - The head of China's top economic planning body voiced confidence on Wednesday that the world's second-largest economy would meet its growth targets, though he acknowledged some risk factors including the red-hot property sector.

Xu Shaoshi, head of the National Development and Reform Commission (NDRC), told a briefing at China's annual parliament session that China would not pursue high growth rates for their own sake, but would also not let growth fall below the lower limit.

He said the lower limit was 7.5 percent. Earlier the government set an economic growth target for this year of around 7.5 percent, the same as last year.

(Reporting by Kevin Yao; Editing by Kim Coghill)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Pictures

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.