China may attain growth target this year, Vice FinMin says
2013-08-27 10:02:15
The Chinese economy is set to attain the government's growth target of 7.5 percent in 2013, Vice Finance Minister Zhu Guangyao reportedly said Tuesday.
The government will intensify its structural reforms to achieve sustainable growth in the longer-term, Zhu reportedly said at a press briefing ahead of G20 leaders' summit in Russia next week.
Meanwhile, People's Bank of China Vice Governor Yi Gang said the key topic for discussion at the G20 would be on how to deal with gradual withdrawal of stimulus by developed economies.
Widespread speculations that the Federal Reserve will begin tapering off of its Quantitative Easing program in September have sparked capital outflow from emerging markets, putting their currencies under downward pressure.