scorecardresearch
Follow Us:
Wednesday, June 03, 2020

World Bank chief says China to meet 7.5% GDP target

China is likely to achieve its growth target of 7.5 per cent this year despite planned structural reforms to re balance the world’s second largest economy,the World Bank president said

Written by Press Trust Of India | Shanghai | Published: September 16, 2013 1:02:50 am

China is likely to achieve its growth target of 7.5 per cent this year despite planned structural reforms to re balance the world’s 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 China’s 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.

China’s 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.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest News Archive News, download Indian Express App.

Advertisement
Advertisement
Advertisement
Advertisement