Subscribe free to our newsletters via your
. Solar Energy News .




SUPERPOWERS
China's Li says 7% 'bottom line' for growth: report
by Staff Writers
Shanghai (AFP) July 23, 2013


China's economic growth must not slip below the "bottom line" of seven percent, Premier Li Keqiang was quoted as saying by a state-backed newspaper on Tuesday.

"The bottom line for economic growth is seven percent, and this bottom line must not be crossed," Li told a meeting earlier this month, the Beijing News reported.

The target was necessary to ensure China achieved its goal of doubling its gross domestic product between 2010 and 2020, he told economic experts and business representatives.

China has risen to become the world's second-largest economy in recent years, but concerns have been raised over growth, which is vital to the ruling Communist party's delivery of promised prosperity.

The economy expanded 7.5 percent year-on-year in the April-June period this year, slowing from 7.7 percent in the first quarter and 7.9 percent in the last three months of 2012.

The government has set a full-year growth target of 7.5 percent for 2013.

An official government statement previously quoted Li as telling a meeting on July 16 that the economy must be kept within "a reasonable range".

He said the "lower limit" was to stabilise economic growth and maintain employment while the "upper limit" was to prevent inflation, according to the statement on the government's official website.

That release gave no numerical targets for economic growth.

Chinese authorities have been trying to rebalance the economy through long-term structural reforms, but Li's remarks sparked hopes the government may shift its focus back to maintaining growth, analysts said.

"We reckon that he could introduce a small-scale fiscal expansion by tapping the central government coffer to support social housing, railway, environment related urban infrastructure such as sewage," Lu Ting, an economist with Bank of America Merrill Lynch, said in a research note on Tuesday.

Chinese shares rose 1.61 percent in afternoon trading on Tuesday, lifted by hopes for policies to support the domestic economy.

.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SUPERPOWERS
Commentary: Flat broke superpower
Washington (UPI) Jul 22, 2013
As it filed for bankruptcy, the United States' one-time powerful center of mechanical invincibility and its wealthiest city, was a maze of vacant lots and abandoned storefronts. Detroit has 1,000 fewer police officers than a decade ago. Michael Snyder's new book about the future of America is titled "The Beginning of the End." "Rotting, decaying, and bankrupt," he says, "if you want to ... read more


SUPERPOWERS
Microorganisms found in salt flats could offer new path to green hydrogen fuel

CSU researchers explore creating biofuels through photosynthesis

Drought response identified in potential biofuel plant

Euro Parliament committee endorses cap on using crops for biofuels

SUPERPOWERS
Chips that mimic the brain

Humanoid robot that could save people in disasters unveiled

Thin 'e-skin' could lead to more 'touchy-feely' robots

Best artificial intelligence programs said only as smart as 4-year-old

SUPERPOWERS
SOWITEC Mexico - strengthening its permitted project pipeline

Sky Harvest To Acquire Vertical Axis Wind Turbine Technology And Manufacturing Facilities

Wind Energy: Components Certification Helps Reduce Costs

Wind power does not strongly affect greater prairie chickens

SUPERPOWERS
LADWP Officials Announce Expanded Electric Vehicle Program

EU largely backs France in German Mercedes row/

New Model to Improve Vehicle-to-Vehicle Communication for 'Intelligent Transportation'

States back EU-wide sales block in Mercedes aircon row

SUPERPOWERS
Iraq oil exports fall on weather, sabotage

Iran signs major deal to export gas to Iraq

Reforms needed for investment in Australian LNG

West Africa becomes pirate hotspot amid oil boom

SUPERPOWERS
Radioactive water leaked into sea at Fukushima: TEPCO

Australia minister calls for more uranium development

No radiation spike at Fukushima despite steam: TEPCO

S.Africa, EU seal nuclear energy deal

SUPERPOWERS
Americans continue to use more renewable energy sources

Sweden's Vattenfall hit by $4.6-bn charge as energy demand plunges

Six Tech Advancements Changing the Fossil Fuels Game

Free market is best way to combat climate change

SUPERPOWERS
80 percent of Malaysian Borneo degraded by logging

Stora Enso struggles into profit, eyes China project

Deforestation spikes in Brazil over last year: group

Changing Atmosphere Affects How Much Water Trees Need




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement