Monday 21 September 2015SearchArchiveEnglishChineseJapaneseFrenchSpanishRussianArabicKoreaGermanPortugueseHomeOpinionsBusinessMilitaryWorldSocietyCultureTravelScienceSportsSpecial CoveragePhotoVideoEnglishBusinessChinese think tank predicts 6.9-pct GDP growth for 2015(Xinhua)    15:40, September 21, 2015Email|Printvar jiathis_config={title:”Chinese think tank predicts 6.9-pct GDP growth for 2015″,summary:” ”,}BEIJING, Sept. 21 — Chinas 2015 GDP growth is expected to be 6.9 percent, according to a report released by a state think tank on Monday.Economic growth is likely to slow as institutional barriers such as a rigid household registration system and lack of human capital drag down GDP as China relies more on infrastructure development and consumption brought on by urbanization than manufacturing-based industrialization, according to a bluebook on Chinas GDP growth released by Chinese Academy of Social Sciences.The governments target for GDP growth in 2015 is about 7 percent. GDP growth stood at 7 percent in the first half of this year. Most economic indicators such as PMI showed weak performance in the first two months of the third quarter.The report pointed out that the next five years will be critical for Chinas economic transition to slower and steadier growth, and measures should be taken to deal with a reduction in labor supply, slowing investment and changing demand structures.Improved total factor productivity is crucial to the Chinese economys sustainable growth, especially in less developed central and western regions, the report noted, adding that better top-down reform design and fostering quality human capital will be key engines to power the transition. (For the latest China news, Please follow Peoples Daily on Twitter and Facebook)(Editor:Ma Xiaochun,Bianji)Add your comment/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var;var disqus_shortname=;var disqus_identifier=;if ({disqus_shortname=enpeople;disqus_identifier = 8952965;}/* * * DONT EDIT BELOW THIS LINE * * */(function() {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = // + disqus_shortname +;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();Please enable JavaScript to view the comments powered by Disqus.Related readingChina to reform quarterly GDP accounting systemTibets GDP increased by 281 times in 50 years: white paperChina Will Realize 7% Annual GDP Target: Central Bank EconomistAdjustment of economic structure pays off, Chinas growth beats forecastEconomy still on the right trackChina denies inflated GDPWB expects 7.1% GDP expansionChina eyes stronger infrastructure for growthSpotlight: Chinas growth brings fresh opportunities for world economiesIndustrial robot production to become new growth point for ChinaWe RecommendConstruction of HK-Zhuhai-Macao Bridge enters final stage
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