China's economic growth is likely to stand at 7.6 percent this year,slightly down from 7.7 percent in 2012, Xinhua news agency reported.
Economicgrowth has been higher than expected since 2011 despite a decliningtrend, said a mid-term evaluation report on the implementation of the12th five-year development plan (2011 to 2015).
The reportwas submitted by the State Council, China's cabinet, to the bi-monthlysession of the Standing Committee of the National People's Congress(NPC).
The five-year plan set an annual growth target ofgross domestic product (GDP) at 7 percent between 2011 and 2015. GDPgrowth was 9.3 percent in 2011, 7.7 percent in 2012 and 7.6 percent inthe first half of this year, the agency quoted the report as saying.
The report listed several other challenges ahead, including sloweconomic restructuring, worsening pollution and social conflicts amonginterest groups.-VNA
Economicgrowth has been higher than expected since 2011 despite a decliningtrend, said a mid-term evaluation report on the implementation of the12th five-year development plan (2011 to 2015).
The reportwas submitted by the State Council, China's cabinet, to the bi-monthlysession of the Standing Committee of the National People's Congress(NPC).
The five-year plan set an annual growth target ofgross domestic product (GDP) at 7 percent between 2011 and 2015. GDPgrowth was 9.3 percent in 2011, 7.7 percent in 2012 and 7.6 percent inthe first half of this year, the agency quoted the report as saying.
The report listed several other challenges ahead, including sloweconomic restructuring, worsening pollution and social conflicts amonginterest groups.-VNA
