"12Th Five-Year" Economic Growth Target Will Be Reduced To 7%.

Recently, reporters from participating in the formulation of "

The above said that, as the goal of China's economic development will weaken the growth rate of GDP during the "12th Five-Year" period, instead of emphasizing structural adjustment and restarting the structural pformation that was interrupted by the world financial crisis in 2008, it has become a common understanding. Therefore, the "Five Year Plan" as the guideline for the economic and social development of the country in the next 5 years is not suitable for continuing to use the GDP growth rate of 7.5% during the "11th Five-Year" period, so it is considered to be reduced to 7%.

Of course, this goal will be discussed again and finalized, and it will be formally established after the discussion and discussion of the "two sessions" held in March next year.

The above said, in any case, the actual economic growth in the future will still be higher than the target set by the "Five Year Plan".

Zhou Donghai, senior macroeconomic analyst at Huachang securities, said in an interview with reporters that the average annual growth rate of GDP in the next 5 years is expected to be between 9.3%-9.6%.

"From now on, the central policy keynote has been put in changing the way of economic development. It is unrealistic to resume the high growth in the first ten years in the future.

However, no matter from the demographic structure or from the current level of China's economic development, it does not support the expectation of a sharp decline in the economic growth rate in the next five years.

We believe that the growth rate will be between 9.3%-9.6%, and the normal situation tends to be close to 9.6%, and if the global economy once again falls into the abnormal situation of the new recession, it may be close to 9.3%.

Zhou Donghai said.

The authority told reporters that the planned annual economic growth rate of the "fifteen" plan is 7%, the actual growth rate is 9.8%, and the "11th Five-Year" predetermined speed is 7.5%, actually about 10.9%.

Zhang Ping, director of the national development and Reform Commission, said in December 14th that the central economic work conference had made clear that the GDP growth target in 2011 was about 8%.