14-03-2014, 09:36 AM
The keyword is "job creation". So the 7-8% is not certain, but the 10 million jobs is almost certain...
China to keep growth strong enough to create new jobs
BEIJING — Chinese Premier Li Keqiang yesterday vowed to keep economic expansion strong enough to create new jobs, while reinforcing the ruling Communist Party’s pledge to shift to market-opening reforms over hitting its official growth target.
Speaking at a news conference on the final day of China’s yearly Parliament session, Mr Li said Beijing will keep growth in the world’s second-largest economy strong enough to fulfil plans to create 10 million jobs. But he said Chinese leaders were “not preoccupied’’ with hitting their official target of 7.5 per cent growth in gross domestic product after last year’s actual growth of 7.7 per cent.
“What we care more about is the livelihood of our people,’’ Mr Li said. “The GDP growth we want brings real benefits to our people, helps raise the quality and efficiency of economic development, and contributes to energy conservation and environmental protection.’’
Mr Li also affirmed government plans to ease tax and regulatory burdens on entrepreneurs and open markets such as healthcare and financial service, which have been dominated by the state.
...
http://www.todayonline.com/chinaindia/ch...e-new-jobs
China to keep growth strong enough to create new jobs
BEIJING — Chinese Premier Li Keqiang yesterday vowed to keep economic expansion strong enough to create new jobs, while reinforcing the ruling Communist Party’s pledge to shift to market-opening reforms over hitting its official growth target.
Speaking at a news conference on the final day of China’s yearly Parliament session, Mr Li said Beijing will keep growth in the world’s second-largest economy strong enough to fulfil plans to create 10 million jobs. But he said Chinese leaders were “not preoccupied’’ with hitting their official target of 7.5 per cent growth in gross domestic product after last year’s actual growth of 7.7 per cent.
“What we care more about is the livelihood of our people,’’ Mr Li said. “The GDP growth we want brings real benefits to our people, helps raise the quality and efficiency of economic development, and contributes to energy conservation and environmental protection.’’
Mr Li also affirmed government plans to ease tax and regulatory burdens on entrepreneurs and open markets such as healthcare and financial service, which have been dominated by the state.
...
http://www.todayonline.com/chinaindia/ch...e-new-jobs