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NDRC: Economy to continue steady, healthy growth

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2017-03-07 11:20CGTN Editor: Xu Shanshan ECNS App Download

Talking about China's economic achievements last year, He said that the Chinese economy accounts for about 15 percent of global GDP, but the country contributed more than 30 percent of the world's economic growth last year.[Special coverage]

The NDRC chief said that this fact "fully illustrated that China's economy had a stable and healthy growth."

He cited highlights of last year's economic growth, including poverty alleviation, control of inflation, and stable prices for PPI and CPI.

As the Chinese economy slows after decades of breakneck growth, much work has been put into structural adjustment. Observers are keen to see how the effects of this work will play out.

China on Sunday set its growth goal for 2017 at around 6.5 percent during the government work report delivered by Premier Li Keqiang. The rate was cut from 7 to 6.5 percent last year.

He said the 2017 target was both attainable and necessary, as job creation is an important task for China.

"According to our experience, each 1 percentage point of GDP growth will help create about 1.7 million jobs," according to the official.

Without quality growth at a reasonable level, the country will find it hard to meet the job creation target of over 11 million that was also unveiled in the government work report, He said.

 

  

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