Hard landing fallacy 'no way' in China: regulator
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E-mail China.org.cn, March 6, 2016
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?Xu Shaoshi |
The hard landing fallacy on China's economy will "no way" occur in China, Xu Shaoshi, director of National Development and Reform Commission, said on the sidelines of the annual parliamentary session on Sunday.
The Chinese economy is so resilient with relatively strong abilities to resist risks, Xu said Sunday.
"We are capable of keeping economic growth at rates within a reasonable range," Xu said. "We are confident of achieving that end."
China set the growth target at a range of 6.5 percent to 7 percent in 2016, and an average annual growth of above 6.5 percent for the next five years.
It had seen, for a quarter of a century, the slowest expansion of 6.9 percent in 2015, amid its structural adjustment and a fragile global recovery.
China's economic growth remains relatively fast among world major economies. The 6.9-percent growth was hard won given the sluggish global recovery, Xu Shaoshi said.
China accounted for a quarter of the world's economic growth in 2014, Xu said, citing data from the World Bank and China's National Bureau of Statistics.
