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Premier Li Keqiang delivered the Government Work Report on Saturday at the opening meeting of the fourth session of the 12th National People's Congress at the Great Hall of the People in Beijing. Li said China's GDP growth target in 2016 is from 6.5 to 7 percent.
In 2015, China's economy maintained a medium high-speed GDP growth rate of 6.9 percent despite the sluggish global economic situation. China's GDP only accounted for 14 percent of the global GDP, but it contributed 25 percent of global economic growth last year.
However, China also faces great challenges in terms of pushing through structural reforms and reducing overcapacity this year.
Experts say the range of GDP growth is more reasonable and flexible than a specific GDP growth figure, because the range is conducive to allowing the market to play a dominant role in the economy.
The GDP growth rage balances the goal of comprehensive construction of a well-off society in the long term with the need to promote structural reform in the short term.
