China Sets Flexible GDP Target

People In the Know

China has set the country's GDP growth target at between 6.5% to 7% this year. This represents the first time that China has given a range instead of a specific number for its growth target. It also means the Chinese government has lowered the country's overall growth target for the second year in a row.So why has China given its growth target a range instead of specific number? What are the prospects for sustained growth in China in 2016? PIK speaks with Professor David Goodman, Head of the Department of China Studies at Xi'an Jiaotong-Liverpool University in Suzhou, He Fan, chief economist of Caixin, and Winston Wang, Managing Director of Shipstone Group Limited.