BUSINESS China targets to grow economy: government work report

BUSINESS

China targets to grow economy: government work report

People's Daily app

10:10, March 05, 2018

China has set its GDP growth target at around 6.5 percent for 2018, unchanged from that for 2017, according to a government work report released on Monday.

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(Photos: VCG)

The report also said that China aims to keep consumer inflation at around 3 percent in 2018.

Meanwhile, China aims for a drop of at least 3 percent in energy consumption per unit of GDP and continued reductions in the release of major pollutants in 2018, the report said.

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China targets to increase over 11 million new urban job opportunities, setting the surveyed urban unemployment rate within 5.5 percent, and the registered urban jobless rate within 4.5 percent, it said. 

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China's consumer price index (CPI) growth for February, a main gauge of inflation, is expected to pick up to 2.5 percent, according to a report from China International Capital Corporation(CICC).

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