Written by Staff Writer
16 Mar, 2016 | 11:06 am
China’s parliament has ended its annual session by approving a new five-year economic plan, as Premier Li Keqiang says the country will push ahead with economic reforms.
The plan aims to grow the world’s second-largest economy by around 6.5 to 7% a year by 2020.
Measures include cutting high debt, streamlining state-owned enterprises, and reforming financial markets.
China has been facing a period of slower growth and market volatility.
The plan, laid out by Communist Party leaders, received unanimous approval from the rubber-stamp National People’s Congress (NPC).
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