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China can meet annual growth target: economic planner

Source:   Time:

BEIJING, July 31 (Xinhua) -- China has the capability to achieve the government's annual economic growth target of 7.5 percent this year, Xu Shaoshi, head of the National Development and Reform Commission, China's top economic planner, said Wednesday.

"To achieve this goal, we have to make arduous efforts," Xu said.

China's economy has been stuck in a protracted slowdown, easing to 7.5-percent growth in the second quarter from 7.7 percent in the first three months. Worries are growing that the prolonged slowdown could affect the global economy.

On Tuesday, the Political Bureau of the Communist Party of China (CPC) Central Committee held a conference, pledging to keep the economy growing steadily in the second half of this year.

"Central authorities have sent a clear signal that they will keep their policy stable and persistent while also making them more targeted and coordinated. The policy is aimed at creating long-term and stable expectations for the market," Xu said.

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