BEIJING: China plans to target economic growth of around 6% in 2020, at the low end of this year’s range of 6% to 6.5%, International Media reported, citing policy sources.
To cushion a sharper slowdown, the state also plans to spend more on infrastructure by allowing local governments to issue more special bonds next year, Reuters said.
State media reported earlier that the government would maintain economic growth next year within a"reasonable range.” It is the first time since 2013 that the planners have explicitly cited the need to ensure stability in their goals for the coming year, in parallel with other goals including promoting reform, structural adjustment, improving people’s living standards and risk prevention, although the broad sense of stability has often been cited by Communist Party leaders in the last several years.
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