Friday, July 25, 2014   

(NPC) Finance Minister Lou settles for flexible growth number
(03-06 12:36)

Finance Minister Lou Jiwei suggested that a growth rate of “7.2 percent or 7.3 percent'' would be acceptable, a day after the premier announced a 2014 target of “around 7.5 percent.’’
At the opening yesterday of the National People's Congress, the legislature, Premier Li Keqiang announced a target of “around 7.5 percent'' for gross domestic product growth this year, the same as in 2013.
But Lou Jiwei emphasized that it, along with other forecasts such as for inflation, were “rough'' estimates qualified by the word “around,’’ and said a lower figure would not be a problem for the government as long as jobs growth was strong.
“For example, if this year's actual growth is 7.2 percent or 7.3 percent, it's still around 7.5 percent,'' Lou said, adding that job creation was the “most important'' of the targets.
“Therefore where GDP growth is on which side of 7.5 percent and how big the margin is not that important,'' he said.
“What is important is employment.''
   
Other China breaking news:
Taiwan airline suspects stormy weather caused crash (07-24 16:19)
Man arrested over neutering in nursing home (07-24 12:54)
SOHO chief slammed for giving Harvard US$15m (07-24 12:44)
48 confirmed dead, 10 injured in Taiwan plane crash (07-24 11:55)
Relatives at Taiwan plane crash site (07-24 11:21)
Former Anhui official tried for corruption (07-23 16:29)
Rammasun kills 56 nationwide (07-23 15:23)
Five arrested over food scandal (07-23 13:53)
Parts of Gansu sealed for plague (07-23 11:35)
40,700 officials told to quit companies (07-23 11:34)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.