China to keep 2016 economic growth within reasonable range

February 22, 2016 09:46 AM

China's top leaders pledged on Monday to keep economic growth within a reasonable range this year, state radio said after a meeting of the Politburo chaired by President Xi Jinping.

China will maintain a pro-active fiscal policy and prudent monetary policy, state radio quoted the Politburo, a top decision-making body of the ruling Communist Party, as saying.

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

The world's second-largest economy grew 6.9% in 2015, the weakest in 25 years, although some economists believe real growth is even lower.

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