China's economic growth target in the 12th Five ye

2022-08-06
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China's economic growth target in the 12th Five year plan may be lowered to 7%

China's economic growth target in the 12th Five year plan may be lowered to 7%

introduction to China Construction Machinery Information

it is reported that recently, authorities involved in the formulation of the outline of the 12th Five Year Plan learned that the outline of the 12th Five year plan that has been preliminarily prepared will consider lowering China's economic growth target in the next five years from 7.5% during the 11th five year plan to 7%. Citigroup had predicted on September 24 that

it is reported that recently, authorities who participated in the formulation of the "12th Five Year Plan" have learned that the "12th Five Year Plan" which has been preliminarily prepared will consider reducing China's economic growth target in the next five years from 7.5% during the "11th Five Year Plan" to 7%

Citigroup predicted on September 24 that China's 12th Five Year Plan is likely to reduce its economic growth target from 7.5% in the 11th five year plan to 7%

the above people said that during the 12th Five Year Plan period, the goal of China's economic development will dilute the GDP growth rate and instead emphasize structural adjustment. It has become the consensus of all parties to restart the road of structural transformation interrupted by the world financial crisis in 2008. Therefore, the "Five Year Plan", as the country's guiding principle for economic and social development in the next five years, is not suitable to continue to use the 7.5% GDP growth rate during the 11th Five Year Plan period, Therefore, it is considered to reduce to 7%. Of course, this goal will not be formally established until it is discussed and finalized at the "two sessions" to be held in March next year

the above people said that, in any case, the actual economic growth rate in the future will still be higher than the target set in the "Five Year Plan"

Zhou dandonghai, senior Macro Analyst of Huachuang securities, said in an interview that the average annual growth rate of real GDP in the next five years is expected to be between 9.3% and 9.6%

Zhou Donghai said that from now on, the central government's policy keynote has been to change the mode of economic development, and the piston will rise faster. It is unrealistic to restore the high growth of the previous decade in the future. However, neither the demographic structure nor the current level of China's economic development can support the expectation that the economic growth rate will decline significantly in the next five years. We believe that the growth rate will be between 9.3% and 9.6%, which tends to be close to 9.6% under normal conditions. The performance is very stable. If the global economy falls into a new recession again, it may be close to 9.3%

the above authorities said that the expected annual economic growth rate in the tenth five year plan is 7%, and the actual growth rate is 9.8%; During the 11th Five Year Plan period, the expected speed was 7.5%, but the actual speed was about 10.9%

Zhang Ping, director of the national development and Reform Commission, said on December 14 that the Central Economic Work Committee had determined that the GDP growth target for 2011 was about 8%

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