China sets 2017 growth target of ‘6.5% or higher’

Report says the target is in line with efforts to overhaul industry.

BEIJING — China’s government has set an economic growth for this year of “around 6.5% or higher if possible,” down from last year’s 6.7% expansion but among the fastest in the world.

A government report says the target, down from last year’s goal of 6.5 to 7%, is in line with efforts to overhaul industry and create a “moderately prosperous society.”

Chinese growth has declined steadily since 2010 as communist leaders try to develop a consumer-driven economy and reduce reliance on trade and investment.

The report also calls for more job creation, stronger exports and better energy efficiency.

News from © Canadian Press Enterprises Inc. 2016

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