19:19 GMT +315 October 2019
Listen Live
    Chinese Premier Li Keqiang delivers the work report during the opening session of the National People's Congress at the Great Hall of the People in Beijing, Thursday, March 5, 2015

    China’s GDP Growth to Amount to 7% This Year

    © AP Photo / Ng Han Guan
    Asia & Pacific
    Get short URL
    0 45
    Subscribe

    National Development and Reform Commission said in an annual report that China's GDP growth is expected to reach 7 percent in 2015, which is 0.4 percent lower than in the previous year.

    BEIJING (Sputnik) – China's GDP growth is expected to reach 7 percent in 2015, which is 0.4 percent lower than in the previous year, the National Development and Reform Commission (NDRC) said in an annual report released ahead of Premier Li Keqiang's parliament address.

    Li, who is presenting the report to China's National People's Congress on Thursday, said that this year will be harder for his country than the previous one in terms of economic challenges and stressed the need to restructure the economy and deepen reforms.

    The premier also vowed to fight corruption and pollution in China, with NDRC expected to implement policies aimed at reducing coal consumption and increasing the use of cleaner fuels and renewable energy resources this year, according to the report.

    The NDRC report said that China will aim to cut energy intensity, which is the amount of energy used per unit of GDP growth, by 3.1 percent in 2015. In 2014, the rate fell by 4.8 percent.

    China's GDP growth amounted to 7.4 percent last year, while the government's target was about 7.5 percent.

    Related:

    China’s Defense Budget to Grow by 10% in 2015
    China Reports 17% Growth in Wild Giant Panda Population
    Russia Could Grant China Over 50% Share in Hydrocarbon Fields
    Tags:
    GDP, China National Development and Reform Commission, China
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik