BEIJING: China can cut its economic growth target to 7% next year without hurting its labour market, the World Bank said on Wednesday as it urged Beijing to get rid of rigid growth objectives.
At its thrice-yearly review of the Chinese economy, the World Bank warned China against carrying its "ambitious" 2014 economic growth target of 7.5% into next year, saying that such a move would detract from reform plans.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!