China is likely to achieve its growth target of 7.5 per cent this year despite planned structural reforms to re balance the worlds second largest economy,the World Bank president said.
Jim Yong Kim is making a four-day visit focusing on issues relating to carbon emission reductions and Chinas urbanisation push.
We think the growth for China this year will be at about 7.5 per cent, Kim told a press conference in Shanghai on the first day of his visit. The data from August suggests that China will reach its goal of 7.5 per cent.
Earlier this month the Chinese government announced a series of better-than-expected indicators for August, that pointed to a pick-up in the domestic economy.
Chinas economy expanded 7.7 per cent last year,its slowest growth since 1999. Growth eased to 7.5 per cent in April-June,from 7.7 per cent in the first quarter of this year.
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