Of 24 provincial-level governments that released this year's economic blueprint, 15 have lowered their growth targets.
The cut has left room for de-stocking and structural adjustments, Lian Ping, chief economist of the Bank of Communications, told Shanghai Securities News, adding that the country will likely aim a growth range of 6.5 to 7 percent this year.
Among all, Chongqing municipal sets the highest goal, aiming to extend its 10 percent growth despite a slowdown nationwide.
Here is a list of the top 11 provincial-level regions with their ambitious targets in 2016.
9. Guangxi Zhuang autonomous region
GDP target in 2016: 7.5 to 8 percent
GDP growth in 2015: 8 percent
Farmers work at a tea garden in Zhaoping county, Hezhou city, Guangxi Zhuang autonomous region, Mar 15, 2015. [Photo/IC] |