Title

China Should Set More Flexible GDP Growth Target in 2017: Central Bank Adviser

China should set a more flexible economic growth target this year to create more room for reforms, a central bank adviser told the official Xinhua news agency, suggesting a range of 6.0 to 7.0 percent versus 6.5 to 7.0 percent in 2016. China has made reform of its lumbering and uncompetitive state-owned enterprises - many in heavy industries - a priority as excess capacity and idle workers bleed what precious resources such "zombie" companies have.

 

Read More...
Topics: 
Business, Economy
Keywords: 
GDP, Economic Growth, Growth