GDP Growth Target Attainable: Senior Official

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Last updated at: (Beijing Time) Saturday, March 08, 2003

GDP Growth Target Attainable: Senior Official

The projected 7 percent growth of gross domestic product for 2003 is attainable, said Wang Chunzheng, deputy minister in charge of the State Development Planning Commission.

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The projected 7 percent growth of gross domestic product for 2003 is attainable, said Wang Chunzheng, deputy minister in charge of the State Development Planning Commission.

Wang told a press conference Saturday that China's national economy has been operating quite well in the first two months of this year, with industrial production, foreign trade, social development and many other aspects maintaining good development momentum. "The targeted growth rate is attainable," he said.

He acknowledged, however, that there are some uncertainties in the recovering of international economy and some difficulties and problems in China's economic development, including insufficient demand and employment pressure.

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