Policy sources: China, wary of market risks, likely to keep GDP target in 2018 - RTRS

According to the sources close to the policy discussions within the government, the Chinese authorities are likely to maintain this year’s growth target of “around 6.5 percent” in 2018, as they remain wary of market risks, Reuters reports.

One of the sources noted: “Next year’s growth target could be similar to this year‘s. It’s OK as long as we are able to secure growth of 6.5 percent.”

“Growth cannot be too low as we still need to build a modestly prosperous society as outlined at the party congress,” said a second source.

One of the sources said: “The market feels great pains once you tighten a bit, the bond market has been falling sharply. This may trigger systemic risks if we cannot handle well.”