China set to adopt 6.5-7 percent growth target range for 2016: sources

January 29, 2016 2:22 PM

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China set to adopt 6.5-7 percent growth target range for 2016: sources

BEIJING China's leaders are expected to target economic growth in a range of 6.5 percent to 7 percent this year, sources familiar with their thinking said, setting a range for the first time because policymakers are uncertain on the economy's prospects.

The proposed range, which would follow a 2015 target of "around 7 percent" growth, was endorsed by top leaders at the closed-door Central Economic Work Conference in mid-December, according to the sources with knowledge of the meeting outcome.

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