Growth Taking Back Seat in New China Economic Plan

A top Chinese economic planning official has said that while China is confident it can maintain medium to high growth from now until 2020, the country’s next five year plan will put more emphasis on jobs, wages and consumer prices.   Xu Shaoshi, chairman of China’s National Development and Reform Commission said that while there are all kinds of views about the Chinese economy, and persistent downward pressure, the country’s economic expansion will continue at a reasonable...

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