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.
Economic growth has been higher than expected since 2011 despite a declining trend, said a mid-term evaluation report on the implementation of the 12th five-year development plan (2011 to 2015).
The report was submitted by the State Council, China's cabinet, to the bi-monthly session of the Standing Committee of the National People's Congress (NPC).
The five-year plan set an annual growth target of gross domestic product (GDP) at 7 percent between 2011 and 2015. GDP growth was 9.3 percent in 2011, 7.7 percent in 2012 and 7.6 percent in the first half of this year, the agency quoted the report as saying.
The report listed several other challenges ahead, including slow economic restructuring, worsening pollution and social conflicts among interest groups.-VNA
Economic growth has been higher than expected since 2011 despite a declining trend, said a mid-term evaluation report on the implementation of the 12th five-year development plan (2011 to 2015).
The report was submitted by the State Council, China's cabinet, to the bi-monthly session of the Standing Committee of the National People's Congress (NPC).
The five-year plan set an annual growth target of gross domestic product (GDP) at 7 percent between 2011 and 2015. GDP growth was 9.3 percent in 2011, 7.7 percent in 2012 and 7.6 percent in the first half of this year, the agency quoted the report as saying.
The report listed several other challenges ahead, including slow economic restructuring, worsening pollution and social conflicts among interest groups.-VNA
