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 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.