With China's GDP growth rate at 4.5-5 percent, the country's contribution to global economic growth will remain 30 percent every year, which is of confidence, Justin Lin Yifu, a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) and dean of the Institute of New Structural Economics at Peking University, told the Global Times on Sunday.
China targets an economic growth of 4.5 percent to 5 percent in 2026 and will strive for better in practice, according toa government work reportsubmitted Thursday to the country's top legislature for deliberation.
"The current environment, especially the international environment, is in one of the most significant periods of adjustment in recent years. Under these circumstances, I believe that such a growth target takes our potential into account, and our potential is actually higher than this," Lin said.
Considering the international environment, structural adjustment needs, and the need to deepen reform, I think this growth target is realistic and will certainly be achieved, Lin said."Moreover, if we do well, it might even exceed the pre-set target," he said.
(Source: GT)
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