Why China can achieve its 6.5% growth rate target

24th March 2016 Socialist Action 0

The following article by John Ross, explaining why China can achieve its 6.5 per cent growth target, was previously published by Socialist Economic Bulletin.

Economic targets for China were announced during the National People’s Congress of at least 6.5% annual GDP growth during the 13th Five Year Plan in 2016-20 and 6.5%-7.0% for 2016. Some Western economists claim such targets cannot be achieved. In fact, analysis of supply side factors, which will primarily be relied on to achieve these goals, shows clearly why China can achieve its 6.5% minimum growth goal.