China's stable development will help relieve global economic pressures, analysts say
China has set its GDP growth target at around 5 percent for this year, which analysts said is "pragmatic "and "achievable".
The real figure could turn out to be even higher, they said, suggesting that the country implement more targeted macroeconomic policies to boost consumption and prevent high inflation, in order to promote stable growth.
They also said China's stable growth is set to help relieve global growth pressures as developed economies risk falling into recession while suffering from high inflation.
The growth target was revealed in the Government Work Report, which Premier Li Keqiang delivered at the opening meeting of the first session of the 14th National People's Congress in Beijing on Sunday.
Source：Chinadaily
