China's prime minister suggests country needs 6.5 percent minimum growth, Bloomberg says

China's prime minister suggests country needs 6.5 percent minimum growth, Bloomberg says

SHANGHAI (Reuters) - China's Prime Minister Li Keqiang said the country needed annual growth of at least 6.53 percent over the next five years, according to Bloomb ...

SHANGHAI (Reuters) - China's Prime Minister Li Keqiang said the country needed annual growth of at least 6.53 percent over the next five years, according to a Bloomberg report citing unidentified sources.Chinese leaders are meeting in Beijing to decide on the goal of economic growth for the next five years.An official document is due to be published this Thursday.According to Bloomberg, Li's remarks were made in a speech to Communist Party members on October 23.They circulated widely on Chinese social media on Thursday, but no mention of the statements appeared on state media.China's most recent annual GDP target for 2015 is about 7 percent.The economy grew by 6.9 percent in the third quarter over a year earlier.The announcement of the new growth target is eagerly awaited as a signal if China plans to push ahead with aggressive reforms - which would result in slower growth - or if it seeks to maintain higher expansion r...


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