China Premier LI says 2015 GDP growth target around 7%
- 2015 CPI target around 3 pct
- Sees 2015 budget deficit at 2.3 pct GDP
- 2015 M2 growth target around 12 pct
- Says aim to create over 10 million new jobs in 2015
- Says will keep economic growth within reasonable range
- Says will deepen reforms of state owned enterprises
- Will push fiscal, price reforms
- Will allow more domestic private banks to be set up
- Says will push forward interest rate reforms
- To boost domestic consumption
- Says to stabilise housing consumption
- Says to ensure unemployment rate does not exceed 4.5 pct in 2015: Xinhua
More comments:
- Says to set up deposit insurance system
- To keep renminbi at appropriate and balanced level
- To float yuan more freely
- Says china to push forward yuan convertibility on capital account
- Says to quicken cross-border yuan payment system
- To launch Shenzhen-Kong Kong stock connect pilot at appropriate time
- To increase international market share for chinese railways, electric power, communications, aircraft
- Says to broaden use of forex reserve
More:
From China's finance ministry:
- China budgets 2015 national fiscal deficit of 1.62 trln yuan
- China budgets 2015 national fiscal revenue up 7.3 pct
- China budgets 2015 national fiscal spending up 10.6 pct
- China fin min says to continue with active fiscal policy in 2015 and appropriately step it up
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Headlines via Reuters