BNPP IP: 6.53% is the new figure for China

The fifth plenum of the 18th Communist Party Congress concluded on 29 October 2015. One headline outcome was the abolition of the one-child policy, a major step towards better-balanced demographics. However, for us, the most significant announcement was the annual GDP growth rate target of at least 6.53% in the next five years to meet the government’s goal of establishing a “moderately prosperous society”.

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6.53% is the new figure for China