China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support.
A GDP growth rate between 6.6 and 6.8% is one of the targets set in a resolution on the socio-economic plan for 2019 that was approved by the National Assembly on November 8.
It will be difficult to curb inflation if unreasonable measures are used to reach a GDP growth rate of 6.7% and low inflation rate of 4% in 2017.
PM Nguyen Xuan Phuc on March 1 chaired a Cabinet meeting to review socio-economic performance in February and discuss ways to accelerate economic growth as planned.
The Government is determined to weather all setbacks and challenges to attain the highest possible economic growth, Prime Minister Nguyen Xuan Phuc stated at the first regular meeting of the 2016-2021 Government in Hanoi on August 1-2.