China hopes to reach a growth rate of 7.5%

Chinese Prime Minister Li Keqiang considered that the rate of economic growth will be "in the appropriate range"

China has the ability and confidence to keep its economy functioning within an appropriate range, said today the Chinese Prime Minister Li Keqiang at the opening ceremony of the 2014 annual conference of the Boao Forum for Asia (BFA).

China has set the goal of Economic growth this year of about 7.5 percent. "The word 'near' indicates a range for GDP growth," he added.

Whenever there is not enough jobs and there are large fluctuations, the current GDP growth will be considered within an appropriate range, be a little higher or lower target, "he added.

"China's economy has held steady and good beginning," said Li.

Statistics show that urban employment continued to increase, the income of citizens, business profits and income tax registered a steady growth and consumer prices remain unchanged, the premier stressed.

As China's economy continued to grow at a slow pace last year, China has gained experience in the implementation of the macro economic regulation, Li said.

China's economy grew 7.7 percent in the last year, the same rate of last year and the lowest rate since 1999, according to data from the National Bureau of Statistics. "Do not take out policies to stimulate short-term only because of temporary economic fluctuations, and pay more attention to a healthy development in the medium and long term," said the premier.

Source: Xinhua News Agency

traslation: Belén Zapata