Chinese Premier, Li Keqiang today slashed China's GDP growth target for this year to a 25-year low of 6.5 percent. The Chinese Premier set the target in a 42-page work report to the National People's Congress. This closely-watched figure is down from last year's actual GDP growth of 6.7 per cent, indicating the continuation of an economic slowdown. The previous low was a 6 per cent target for gross national product growth in 1992, said a report by state-run news agency, Zinhua.
News On AIR | March 5, 2017 6:15 PM
China's GDP growth target at 25 Year Low