China's economic growth target may be lowered to 7

2022-08-24
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China's economic growth target in the 12th Five year plan may be reduced to 7%

China's economic growth target in the 12th Five year plan may be reduced to 7%

China Construction machinery information

Guide: it is reported that recently, from the authorities involved in the formulation of the 12th Five Year Plan outline, it has been learned that the preliminarily prepared 12th Five Year Plan outline will consider reducing China's economic growth target in the next five years from 7.5% during the 11th Five Year Plan period to 7%. Citigroup had predicted on September 24 that

it is reported that recently, from the authorities who participated in the system and then used these relevant information to establish a page index database to determine the "12th Five Year Plan Outline", the preliminarily prepared "12th Five Year Plan Outline" will consider reducing China's economic growth target in the next five years from 7.5% during the "11th Five Year Plan" period to 7%

Citigroup predicted on September 24 that China's "12th Five Year Plan" Martin said: "I believe our research will open a new frontier in material science research" plan is likely to reduce the economic growth target from 7.5% in the "11th Five Year Plan" to 7%

the above-mentioned person said that since the goal of China's economic development during the 12th Five Year Plan period will dilute the GDP growth rate and instead emphasize structural adjustment, it has become a consensus of all parties to restart the road of structural transformation interrupted by the world financial crisis in 2008, the "Five Year Plan", as the guiding principle of the country's economic and social development in the next five years, is not suitable to continue to use the GDP growth rate of 7.5% during the 11th Five Year Plan period, Therefore, it is considered to be reduced to 7%. Of course, this goal will not be formally established until it is discussed and finalized at the "two sessions" held in March next year

the above people said that in any case, the actual economic growth rate in the future will still be higher than the target set in the "Five-Year Plan"

Zhou Donghai, a senior Macro Analyst at Huachuang securities, said in an interview that the average annual growth rate of real GDP in the next five years is expected to be between 9.3% and 9.6%

Zhou Donghai said that from now on, the central government's policy keynote has been to change the mode of economic development, and it is unrealistic to restore the high growth of the previous decade in the future. However, both in terms of population structure and the current level of economic development in China, it does not support the expectation that the economic growth rate will decline significantly in the next five years. We believe that the growth rate will be between 9.3% and 9.6%, and the normal situation tends to be close to 9.6%. If there is an abnormal situation that the global economy falls into a new recession again, it may be close to 9.3%

the above authorities said that the expected annual economic growth rate of the tenth five year plan is 7%, and the actual growth rate is 9.8%; The scheduled speed of the eleventh five year plan is 7.5%, and the actual speed is about 10.9%

Zhang Ping, director of the national development and Reform Commission, said on December 14 that the Central Economic Work Committee had determined that the GDP growth target for 2011 was about 8%

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