Experts predict lower GDP growth target next year

Economists expect the three-day Central Economic Work Conference that opened in Beijing on Tuesday to focus on preventing downside risks and promising to accelerate the pace of various economic reforms in 2015.

The top leadership at the meeting might agree to a prudent monetary policy and proactive fiscal policy, which can support a lower GDP growth target with a decline of inflation expectation next year, they said.

A meeting of the Political Bureau of the Communist Party of China on Dec 5, which emphasized that the Chinese economy is entering a "new normal" stage, was seen as the guide of the 2015 economic work.