China eyes “around 6.5%” economic growth in 2018

Mar 05, 2018, 6:37 AM EST
(Source: hans-johnson/flickr)
(Source: hans-johnson/flickr)

China, the world’s second-largest economy and a key driver of global growth, has set its 2018 economic growth target at “around 6.5%,” slightly lower than what it achieved last year.

A government work report delivered during the first session of the 13th National People's Congress laid out the state’s plans to create over 11 million new urban jobs while keeping the inflation at around 3%, writes Xinhua.

Beijing’s focus remains on slow but more sustainable consumption-based growth instead of relying on debt-fuelled investment and exports, notes the BBC.