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  • “Luminous Brilliance: The Artistry of Zibo Liuli” Opens This October at POLY MGM MUSEUM in Macau

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Home›World›The Buzz: Chinese leaders affirm commitment to slower growth

The Buzz: Chinese leaders affirm commitment to slower growth

By -
Friday, December 12, 2014
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Chinese leaders have affirmed their commitment to a “new normal” of slower economic growth in 2015 at an annual planning meeting and promised to help the poor and promote market-oriented reforms.
A series of brief statements carried by official media yesterday gave no official growth target for next year but private sector economists expect it to be lowered to 7 percent from the 7.5 percent level of recent years.
Following an explosive decade-long expansion, Communist leaders are trying to steer the world’s second-largest economy to more sustainable growth based on domestic consumption instead of trade and investment.

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