国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Local govts lower growth targets to make transition easier

By He Yini (chinadaily.com.cn) Updated: 2016-01-27 13:46

Local govts lower growth targets to make transition easier

[Photo/IC]

More local governments in China are seeking to slash growth targets this year to lubricate economic transition amid increasing downward pressure, The Beijing News reported on Wednesday.

To date, 16 provinces and municipalities in the country, including Beijing, Zhejiang and Guangdong, have announced lower GDP growth targets during the local "two sessions" - an annual event set to outline their full-year economic blueprints.

Lowering targets is a wise choice for local governments to deepen reforms as the entire economy is going to face severe challenges this year, said the report citing Liu Yuanchun, head of the School of Economics at Renmin University.

Meanwhile, eight local governments have maintained the same prospects as last year's, including Chongqing municipality that has set 10 percent target for 2016 - the only one that continues to aim a double-digit growth this year.

The country's northeastern Heilongjiang and Jilin provinces, among others which have set a "reasonable range" for their growth this year, have slightly tuned up their targets from a year earlier.

Reasonable range of GDP growth allows more leeway for economic transition and restructuring such as cutting excess industrial capacity, said Lian Ping, chief economist at the Bank of Communications.

China's economic growth hit 25-year low of 6.9 percent in 2015, according to recent data from the National Bureau of Statistics. The country will announce its national target at the two sessions in March.

Hot Topics

Editor's Picks
...
阿图什市| 孝昌县| 团风县| 合肥市| 龙胜| 蒙阴县| 浑源县| 喀什市| 罗田县| 平定县| 宣恩县| 门源| 上蔡县| 山东| 全南县| 甘肃省| 平原县| 洛浦县| 临海市| 平南县| 凌源市| 江永县| 托克逊县| 苍南县| 岳池县| 都安| 抚宁县| 高唐县| 宣恩县| 红河县| 同心县| 河曲县| 庆安县| 岳西县| 大冶市| 湖南省| 凌云县| 犍为县| 金川县| 贵州省| 江油市|