It was the second time for Li to set an economic growth range in the last six years since he took office, with the last time China set a ranged target in 1995 when Li Peng was in office and China was just a small dot on the world economic map. Photo: Bloomberg

China’s GDP target range gives government leeway for economic growth ahead of 2019 uncertainties

  • Premier Li Keqiang tells National People’s Congress on Tuesday that China will aim to achieve an economic growth this year that falls in a range of 6.0 to 6.5 per cent
  • Beijing’s policy efforts geared towards stabilising growth, not stimulus, showing China’s acceptance of a modest slowdown in 2019
Topic |   Two Sessions 2019 (Lianghui)

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It was the second time for Li to set an economic growth range in the last six years since he took office, with the last time China set a ranged target in 1995 when Li Peng was in office and China was just a small dot on the world economic map. Photo: Bloomberg
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Premier Li Keqiang delivered the government work report during the opening of the National People’s Congress in Beijing. Photo: Bloomberg

Six key takeaways from China Premier Li Keqiang’s annual policy blueprint

  • The government set the economic growth target for 2019 in a range of 6.0 to 6.5 per cent during the opening of the National People’s Congress
  • Beijing also announced a significant 3 percentage points cut in value-added tax rate for manufacturers to 13 per cent
Topic |   Two Sessions 2019 (Lianghui)

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Premier Li Keqiang delivered the government work report during the opening of the National People’s Congress in Beijing. Photo: Bloomberg
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