Arab Today, arab today china sets growth target of 75
Last Updated : GMT 03:22:01
Arab Today, arab today
Arab Today, arab today

China sets growth target of 7.5%

Arab Today, arab today

Arab Today, arab today China sets growth target of 7.5%

Beijing - AFP

China is targeting economic growth of 7.5 per cent in 2013 and has vowed to fight corruption as the world's second-biggest economy and most crucial for WA opened its annual parliament session. The GDP figure was contained in Premier Wen Jiabao's “work report”, his opening address to about 3000 delegates from across the country at the National People's Congress, China's rubber-stamp parliament. Wen, who is coming to the end of a decade in office, bowed deeply to the delegates arrayed under a giant red star in Beijing's Great Hall of the People before beginning his farewell speech, which was 29 pages long in English. The government also laid down another double-digit rise in military spending, continuing the modernisation of the world's largest standing army at a time of mounting territorial tensions in Asia. The NPC is meeting for nearly two weeks in Beijing and will seal a power transfer to Li Keqiang as Wen's successor in charge of day-to-day government, and Communist Party supremo Xi Jinping as state president. Heading into the NPC, China's new leaders have raised expectations with a deluge of propaganda during their first four months running the Communist Party, with pledges of cleaner government and greater devotion to people's livelihoods. "We should unwaveringly combat corruption, strengthen political integrity ... and ensure that officials are honest, government is clean and political affairs are handled with integrity,” said Wen's prepared text. The wealth of party leaders at all levels has become a burning issue in China, with foreign media reports last year focussing on the riches accrued by the families of Xi and Wen themselves. Outside the hall, ordinary citizens were sceptical about the government's pledges. "If delegates do not care for the people then there is never any chance of progress with political reform in the future,” said a 60-year-old woman surnamed Lu, who was on her way to one of the capital's parks. Another pensioner, Xian Lan, added: “What is the point of all these wasteful, expensive meetings when there are so many poor people in China?” China's economy is seen as a key driver of the global recovery, but has struggled in the face of weakness at home and in key overseas markets, with Europe assailed by its debt crisis and US growth remaining anaemic. It grew 7.8 per cent in 2012, its worst performance for 13 years, but normally exceeds the target set at the NPC. "We deem it necessary and appropriate to set this year's target for economic growth at about 7.5 per cent, a goal that we will have to work hard to attain,” Wen's said in his speech. "China is still under considerable inflationary pressure this year,” he added. His report set this year's inflation target at 3.5 per cent, after it came in at 2.6 per cent in 2012. "We should energetically change the growth model,” Wen also said, amid demands that China revamp its investment and export-led growth in favour of domestic spending. A separate government document laid down a 10.7 per cent rise in defence spending to 720.2 billion yuan ($A114.20 billion) in 2013. China's military budgets have risen steadily in recent years, and experts say the actual totals are usually substantially higher than the publicly announced figures.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china sets growth target of 75 Arab Today, arab today china sets growth target of 75

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china sets growth target of 75 Arab Today, arab today china sets growth target of 75

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday