Chinese Economic Growth on Track
China, the world’s second largest economy, looks like it is getting back on track as it seems ready to reach an annual growth rate of 7.5 percent this year.
Chinese officials have been very determined to meet the 7.5 percent growth target this year. That number seems incredibly ambitious for Europe or even the United States, but China has done even better in previous years.
The target rate of 7.5 percent is lower than China’s growth for the past few years. Before that, the country experienced growth in the double digits, so it is no surprise that China wants to maintain this level of growth and is pushing to make sure that happens.