China's future prosperity
As the 13th Five-Year Plan (2016-20) is about to come into effect, China Daily invited executives from several multinational companies operating in China to share their views on the outlook for the Chinese economy. Anne Marion-Bouchacourt, Chairwoman of Societe Generale China, was one of the executives invited.
Question 1: China has set a GDP growth target of 6.5 to 7 percent for this year. It's the first time that a range rather than a specific rate has been set as a target. What do you make of this change, and what is your understanding of such a flexible target?
Anne Marion-Bouchacourt: It shows the leadership's continued commitment to the ever-more challenging economic rebalancing. The relaxation of the growth target sets the tone: The government is not giving up on growth, but it is not just pursuing growth. Instead, achieving a sustainable and healthy growth is the way to go, and the government is willing to give room for some flexibility.
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