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Growth target revised from 7.2pc to 9pc

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The economic growth target for this year has been revised upward from 7.2 per cent to 9 per cent, state media reported yesterday.

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The China Daily said the deputy secretary-general of the State Development and Reform Commission, Cao Yushu , announced the revision at a forum on Friday.

'This year, the whole-year GDP will maintain growth of about 9 per cent and is higher than the estimate of 7.2 per cent made at the start of the year,' Mr Cao was quoted as saying.

If the target is met, it would mark a slight easing from the 9.1 per cent recorded last year.

The mainland's economy grew 9.7 per cent in the first half of the year compared with last year. The State Information Centre forecast earlier that economic growth would slow to 8.2 per cent in the third quarter.

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Mr Cao was quoted as saying macroeconomic controls should be expanded if GDP growth exceeded the forecast.

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