The State Council Actually Enhanced the Economic Growth Interval Targets
ANBOUND
On July 16th, State Council executive meeting which was held by Premier Li Keqiang, stressed that the goals that GDP growth rate reaches around 7.5% and inflation rate reaches around 3.5% must be achieved. ANBOUND research team noticed that in the past, Premier Li Keqiang had been emphasizing interval targets of economic growth and the flexibility of growth target. However, judging from this meeting we can see that flexibility of economic growth target is decreasing and the rigidity is increasing. If 7.5% is the bottom line of economic growth, it means that the bottom line of interval targets of economic growth is actually enhanced. As to the macroeconomic policies in the next half year, this change is worth noticing.