HomeNewsWorldChina needs economic growth of 6.5% next 5 years: Keqiang

China needs economic growth of 6.5% next 5 years: Keqiang

Chinese leaders are meeting in Beijing to decide on an economic growth target for the next five years. An official document is expected to be published later on Thursday.

October 29, 2015 / 13:55 IST
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China's Premier Li Keqiang said China requires annual growth of at least 6.53 percent over the next five years, Bloomberg reported, citing unidentified sources.

Chinese leaders are meeting in Beijing to decide on an economic growth target for the next five years. An official document is expected to be published later on Thursday.

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Bloomberg said Li's comments were made in a speech to Communist Party members on October 23. They were circulating widely on Chinese social media earlier on Thursday, but no mention of the comments has appeared in state media.

China's most recent annual GDP target for 2015 stands at around 7 percent. The economy grew 6.9 percent in the third quarter from a year earlier.