China says it will keep 2016 economic growth within reasonable range | Reuters

BEIJING China's top leaders pledged on Monday to keep economic growth within a reasonable range this year, state radio said after a meeting of the Politburo chaired by President Xi Jinping.

China will maintain a pro-active fiscal policy and prudent monetary policy, state radio quoted the Politburo, a top decision-making body of the ruling Communist Party, as saying.

China's leaders are expected to target growth in a range of 6.5 percent to 7 percent this year, sources familiar with their thinking have said, setting a range for the first time because policymakers are uncertain on the economy's prospects.

The world's second-largest economy grew 6.9 percent in 2015, the weakest in 25 years, although some economists believe real growth is even lower.

(Reporting by China Monitoring Desk and Kevin Yao; Editing by Nick Macfie)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Feb 23, 2016 02:15 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See