China Looks for 6.5 to 7% Economic Growth in 2016, Warns on Unemployment

 

The Chinese government believes GDP there will expand by 6.5 to 7 percent this year.

That is according to Xu Shaoshi, who heads the National Development and Reform Commission, China’s top economic planning organization.

He said Beijing’s efforts are now focused on fixing weak points and structural adjustments.

That includes infrastructure in the central and western regions as well as the education and healthcare sectors, but he warned that efforts to curb overcapacity are expected to push up unemployment in some Chinese provinces where there is high output of steel and coal. 

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Source: Euronews