11. Slowing down growth Chinas GDP growth target for the 12th Five-Year-Plan period 20112015 is 7 percent

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11. Slowing down growth China’s GDP growth target for the 12th Five-Year-Plan period 2011–2015 is 7 percent a year. This largely symbolic goal (China’s average growth rate for the past five years was a whopping 11 percent a year) shows that the central government wants to fundamentally restructure the economy.

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Essential Foundations Of Economics

ISBN: 9780520219465

7th Global Edition

Authors: Bade, Robin;Parkin, Michael

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