13-07-2013, 10:59 AM
The number keeps reducing... from 8%, 7.5%, 7% and now 6.5%.... The restructuring cost is high but necessary IMO...
China ‘can endure’ slower growth of 6.5%
WASHINGTON — China’s Finance Minister Lou Jiwei has signalled that the world’s second-largest economy may expand less than targeted this year and that growth as low as 6.5 per cent may be tolerable.
Mr Lou said he is confident of achieving a 7 per cent rate this year — below the goal of 7.5 per cent that the government set in March .
Speaking at the US-China Strategic and Economic Dialogue in Washington on Thursday, Mr Lou’s comments suggest that China is prepared to allow for a further slowdown from a rate that is already at risk of falling to a 23-year low this year, as Premier Li Keqiang focuses on policy changes to create more sustainable expansion.
Mr Li said this week that the government should keep restructuring the economy as long as growth, employment and inflation stay within certain limits
http://www.todayonline.com/business/chin...-growth-65
China ‘can endure’ slower growth of 6.5%
WASHINGTON — China’s Finance Minister Lou Jiwei has signalled that the world’s second-largest economy may expand less than targeted this year and that growth as low as 6.5 per cent may be tolerable.
Mr Lou said he is confident of achieving a 7 per cent rate this year — below the goal of 7.5 per cent that the government set in March .
Speaking at the US-China Strategic and Economic Dialogue in Washington on Thursday, Mr Lou’s comments suggest that China is prepared to allow for a further slowdown from a rate that is already at risk of falling to a 23-year low this year, as Premier Li Keqiang focuses on policy changes to create more sustainable expansion.
Mr Li said this week that the government should keep restructuring the economy as long as growth, employment and inflation stay within certain limits
http://www.todayonline.com/business/chin...-growth-65
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡