China is to hold its economic growth target at 8% in 2010 despite the global downturn.
Beijing has successfully targeted 8% growth for the last few years and is expected to do so once again thanks to the massive government stimulus measures introduced over the last 12 months. The Chinese government also said industrial production would grow rapidly next year. Minister of Industry and Information Technology Li Yizhong says: "Based on the central government's target for around 8% economic growth, we're aiming for around 11% growth in industrial output." The International Monetary Fund has forecast China's GDP growth at 9%, compared with 1.5% in the US, 0.9% in the UK and...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes