Chinese Premier: Country’s Economy Remains on the Right Track
Li Keqiang, China’s premier, expressed optimism that his country would meet several economic goals for 2013 during an official visit to Vietnam, Reuters reports.
Li said that Chinese economic growth would come in at or above the 7.5 percent benchmark Beijing was targeting for the year. This would also put the country ahead of pace to double the size of its economy during this decade, another goal that the Chinese government has put forth.
Some have become skeptical of China’s economy in the wake of revised forecasts by international groups, which trimmed estimates for the country’s rate of expansion both this year and next. However, most estimates are still above the 7.5 percent benchmark, and many economists expect that a strong third quarter, with growth perhaps as high as 7.8 percent, could ensure that China is able to meet its objective.
Li also discussed inflation during the media event, saying that there should not be any worries that rates will vary from the official 3.5 percent target put forth by Chinese officials.