China’s economy may grow 7.6 percent this year, with inflation at 2.7 percent, both meeting national goals and reflecting stable growth, the State Information Center said Monday.
China’s macro-economic policies have been targeted and stable this year, which ensured growth rates and employment rates stay above the line, according to the research arm under the National Development and Reform Commission.
But the growth was still led by investment, while retail sales, the broad measure of consumption, may fall short of expectations by gaining around 13 percent this year — below the earlier target of 14.5 percent. Trade may grow closer to the target of 8 percent, the center said.
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