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Chinese Premier Li says China wants growth that brings real benefits to people

Published on Mar 13, 2014 1:41 PM

CHINA is confident of meeting its economic growth target this year, Chinese Premier Li Keqiang said on Thursday, even as he acknowledged the more "complex" economic challenges facing the world's second largest economy as it embarks on a slate of ambitious reform to overhaul its economy.

But while China had announced an economic growth target of "about 7.5 per cent" this year at the opening of the National People's Congress (NPC) - China's parliament - last Wednesday, Mr Li said it was a target that allowed for flexibility as the livelihood of the people was of greater concern.

GDP growth must be backed by healthy job creation and an increase in incomes, he emphasised.

"The lowest level of growth acceptable is one that can ensure fairly full employment and needs to help increase people's incomes," Mr Li told reporters at a press conference after the closing ceremony of the NPC on Thursday. "We are not preoccupied solely with GDP growth. The growth we want is one that brings real benefits to the people, helps raise the quality and efficiency of economic development and contributes to energy conservation and environment protection."

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