While warning that China faced “more and tougher problems,” including weak export demand, Li said he was confident that stable growth could be maintained.
The prime minister, who is the country’s top economic official, announced a growth target of 6.5 to 7 percent – down on last year’s aim of “about 7 percent.”
“The larger the economy grows, the greater the difficulty of achieving growth,” Li told delegates at the opening session of the National People’s Congress (NPC), China’s nominal parliament.
Li’s speech at the Great Hall of the People, lasting nearly two hours, was punctuated by polite choreographed applause. The assembly of almost 3,000 delegates routinely endorses ruling Communist party plans in near unanimous votes.
“China will face more and tougher problems and challenges in its development this year, so we must be fully prepared to fight a difficult battle,” said Li in his budget report, adding that the government would increase projected spending to allow a fiscal deficit of 3 percent.
http://www.dw.com/en/chinas-li-predicts-difficult-battle-for-growth/a-19096112