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Top leader vows to meet growth target

By CHEN JIA  (China Daily)

08:08, July 31, 2013

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China's top leadership says it will guarantee that the 7.5 percent growth target for this year will be met, despite the continuing economic slowdown.

President Xi Jinping made the remark on Tuesday when he chaired a meeting of the Political Bureau of the Communist Party of China's Central Committee to lay out the economic strategy for the second half of the year.

The meeting decided that China will "maintain steady growth, adjust economic structure, and forge ahead with reform" to guarantee "this year's key tasks for economic and social development will be fulfilled".

According to a statement from the political bureau, major economic indicators for the first half are still in a reasonable range, despite extremely complicated domestic and international conditions.

The authorities believe the country still faces a "strategic opportunity" and has the conditions for steady and healthy economic growth. "The economy will maintain steady growth in the second half of this year," the statement said.

The meeting also underlined the need to prepare for complex and difficult situations, as the global economic recovery has not been progressing well.

The government will maintain "stable macroeconomic policy, flexible micro policy and social policy that can support the bottom line," the statement said.

Policy fine-tuning will be possible at the right time, it added.

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