China’s economy probably grew 7.6 per cent in 2013, according to a government report cited by state media, slightly above its official target for the year and just below last year’s performance.
The figure was contained in a report by the State Council, the country’s Cabinet, delivered to a session of the Standing Committee of the National People’s Congress, China’s rubber stamp legislature, the official Xinhua news agency said.
China’s gross domestic product (GDP) expanded at an annual rate of 7.7 per cent in 2012, its worst growth rate in 13 years.
In March, China announced an official economic growth target of 7.5 per cent for 2013, the same as last year’s goal.
The government usually announces a conservative number that it regularly surpasses.
Source : Channel News Asia | December 30, 2013