Economy
22:32, 20-Jan-2019
Chinese provincial regions unveil GDP growth targets for 2019
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China's 13 out of 34 provincial governments have unveiled their GDP growth targets for 2019.
In comparison with targets for 2018, most provincial regions kept the targeted growth rate unchanged or slightly lowered for 2019.
Northeast China's Heilongjiang Province has set a target of above five percent GDP growth this year, compared to six percent set for 2018.
Northwest China's Xinjiang Uygur Autonomous Region reduced its growth target to around 5.5 percent in 2019 from seven percent in 2018.
Five local governments set a growth range instead of a certain figure for 2019, including Beijing, east China's Fujian, Anhui, and central China's Hubei, Henan.
Xu Hongcai, deputy chief economist of the China Center for International Economic Exchanges, said that setting a practical and reasonable target, such as in a range, will be positive for growth restructuring with good quality, and the upper limit could prevent over stimulus, China News Service reported on Saturday.