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What China's new economic growth targets tell us


What China's new economic growth targets tell us

Report summary

On 5th March, Premier Li Keqiang presented the key growth targets and strategies for 2016 and the 13th Five Year plan (2016-20) during China's "Two Sessions".  For the first time ever, the Chinese government announced a range target – rather than a point target – of 6.5-7% for 2016 GDP growth. The target for fiscal deficit has also been raised significantly.  How will the government address the increasingly tenuous trade-off between economic growth and reforms? In this Inform we highlight the key takeaways from the government announcements, and discuss the implications on our China GDP view.

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Description

This Macroeconomics and Global Trends Inform report analyses key topical events and addresses the implications for the economy and commodity markets.

This report delivers timely analysis of important industry events. Our expert point of view provides clarity to help support informed decision making.

Wood Mackenzie's global economic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

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