China Unlikely to Ditch Growth Target for 2018, Goldman Sachs Says
China is unlikely to abandon setting an economic growth target next year, although it may set a slightly less ambitious goal of “around 6.5%,” investment bank Goldman Sachs said in a report.
Speculation has grown that the government will lower the annual target for growth in gross domestic product (GDP) or abandon it altogether after President Xi Jinping stopped short of following his predecessors in setting a long-term economic expansion target at the twice-a-decade Party Congress last month.
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