China’s state planner expects 2015 growth at around 7 percent

China’s growth in 2015 could meet its target of around 7 percent and economic fundamentals will remain healthy in 2016, an official from the country’s top planning agency said.

The growth rate was 7 percent in the first and second quarter and 6.9 percent in the third quarter, Xinhua quoted Li Pumin, secretary general of the National Development and Reform Commission (NDRC), as saying.

Employment was stable with 12.51 million new jobs created for urban residents in the first 11 months with the whole year number expected to be about 13 million, he said.

Li also stressed efforts to cut overcapacity, including more macro control, market supervision and favorable policies, Xinhua said.

China verified its 2014 growth rate as 7.3 percent last week, unchanged from the preliminary verification figure.

 

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