China Intends To Reach Its GDP Growth Target With Help of More Flexible and Effective Policies

Forex News

Chinese government aims to keep its economic growth within a reasonable range, maintaining a proactive fiscal policy and a prudent monetary policy. China is still confident of hitting its economic growth target of around 6.5% this year despite views that it faces a bumpy second half as a trade row with the United States intensifies.

China will better balance its financial risk prevention and support for the real economy, maintaining its deleveraging drive but paying attention to its pace and intensity. China’s authorities will also step up infrastructure investment in targeted areas, support innovations and lower corporate costs.

Earlier it was reported, that the Chinese second-quarter GDP growth slowed to 6.7% from a year ago, slightly lower than 6.8% in the first quarter of 2018.