China targets 6.5pc economic growth in 2017

China set a fiscal deficit target for the year of 2.38 trillion yuan. — Reuters pic set a fiscal deficit target for the year of 2.38 trillion yuan. — Reuters picBEIJING, March 5 — China set a target of 3 per cent of gross domestic product for 2017, the country’s finance ministry said in its work plan unveiled at the annual meeting of parliament today, in line with the target set a year earlier.

It set a fiscal deficit target for the year of 2.38 trillion yuan (RM1.5 trillion).

Last year, Beijing set a 2016 budget deficit target of 3 percent of GDP. Sources told Reuters in that policymakers had in December set a 3 per cent deficit target for 2017. — Reuters

Source: The Malay Mail Online







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