Inside the News - Edition #743

Allan Leibowitz -
Inside the News
- 5 Nov 2015 ( #743 )
<1 min read
Economic analysts place some importance on China's economic growth predictions as the country has solid track record of reaching its five-year goals.
The next five-year plan, unveiled earlier in the week, drops the growth estimate to 6.5% - the first sub-7% target since the late 1970s.
The lower target is no surprise, of course, with the Chinese economy cooling (currently growing at 6.9%). The upside, however, is that if China commits to 6.5%, then it will probably achieve it.
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