China to ensure steady economic growth in 2015
Post Date: 19 Jan 2015 Viewed: 569
Maintaining economic growth is the major task of China's macroeconomic policies,an official said Friday.
Zhu Zhixin, deputy head of the National Development and Reform Commission, told a newsbriefing that China was still confronted with increasing difficulties and risks as the globaleconomy was till reeling after the financial crisis.
China has entered a period of slower growth, but maintaining growth within a "proper range" stilldrives macroeconomic control, Zhu said.
The government set a 7.5 percent target for growth last year. In the first three quarters, theeconomy expanded by 7.4 percent year on year. Data for the whole year is expected nextTuesday.
Steady development in 2014 can serve as a solid foundation for growth this year.
Economic growth, employment and price level were all relatively stable and progress was seen inrestructuring, growth quality and reform, Zhu said.
China's consumer price index, the main gauge of inflation, rose by 1.5 percent year on year inDecember, much lower than the government's target of around 3.5 percent.