Mexican Media Brands
China Sets 7% Growth Target for 2015
China's central government aims to trim the country's economic growth in 2015 to 7%, BBC News reports.
#economics
Share
China's central government aims to trim the country's economic growth in 2015 to 7%, BBC News reports. That rate compares with 7.5% last year, the slowest pace in 24 years.
Beijing said last year it wants to reduce adjust China economy to a "new normal" pace of balanced and sustainable growth.
Premier Li Keqiang announced the new target earlier today during the National People's Congress. He also says the government has targeted a 3% inflation rate this year, down from 3.5% in 2014. Li also says the government hopes to create 10 million more jobs this year.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.