Minister: Expected GDP an 'indicator' only
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E-mail China.org.cn, March 6, 2014
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A top government official on Thursday expressed again that, as one of the country's primary economic aims, the expected 7.5 percent GDP growth rate in 2014 is an interval indicator rather than a firm goal.
Minister of Finance Lou Jiwei explained that even estimates, such as "7.3 or 7.2 percent", can be considered as merely targets. He said Premier Li Keqiang's latest government work report makes such an opinion very clear.
Lou also stressed that the CPI index and employment index are equally important indicators in valuing the country's economy.
Lou made his remarks at a news conference for the 2nd Session of the 12th National People's Congress, responding to concerns about the excessive issuing of bonds caused by pursuing such targets.
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