The Traderszone Network

Published in TZ Latest News 27 March, 2015 by The TZ Newswire Staff

President Xi says China should not focus on growth rate only

Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China’s push for a more sustainable, higher-quality expansion. Chinese leaders have announced an economic growth target of around 7 percent for this year, below the 7.5 percent goal in 2014 and the slowest rate in a quarter-century. Analysts anticipate further interest rate cuts in China this year.