Speaking at a high-level Finance Forum in Beijing on February 16, 2015, Xu Lin, the Director General of the Planning Department at the National Development and Reform Commission (NDRC) said growth of 6.5 per cent is the 'bottom line' for the next five-year plan period which starts in 2016.
Yi Gang, Deputy Governor of the People's Bank of China (PBoC) which controls China's US$ 4 trillion foreign exchange reserves, says the potential growth rate for China’s economy could be as high as 7 per cent. He, however,advocated allowing the market to play a greater role in allocating resources.
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