The Fort Worth Press - China's premier 'fully confident' of hitting growth targets

USD -
AED 3.673046
AFN 67.000033
ALL 90.349781
AMD 387.090049
ANG 1.803403
AOA 912.000022
ARS 992.781992
AUD 1.51743
AWG 1.8
AZN 1.6977
BAM 1.793226
BBD 2.020336
BDT 119.578971
BGN 1.798259
BHD 0.37685
BIF 2895
BMD 1
BND 1.31667
BOB 6.92994
BRL 5.792103
BSD 1.000587
BTN 84.158972
BWP 13.324409
BYN 3.274804
BYR 19600
BZD 2.016999
CAD 1.39005
CDF 2844.000136
CHF 0.864029
CLF 0.034587
CLP 954.360082
CNY 7.104995
CNH 7.119295
COP 4415
CRC 513.542259
CUC 1
CUP 26.5
CVE 101.649851
CZK 23.291502
DJF 177.71996
DKK 6.855801
DOP 60.450604
DZD 133.232001
EGP 49.055021
ERN 15
ETB 121.106014
EUR 0.91925
FJD 2.27595
FKP 0.765169
GBP 0.771615
GEL 2.734981
GGP 0.765169
GHS 16.360191
GIP 0.765169
GMD 71.496549
GNF 8629.999499
GTQ 7.731099
GYD 209.530271
HKD 7.773955
HNL 25.070183
HRK 6.88903
HTG 131.681734
HUF 375.10521
IDR 15761.05
ILS 3.750585
IMP 0.765169
INR 84.14285
IQD 1310
IRR 42105.000256
ISK 136.879715
JEP 0.765169
JMD 158.106101
JOD 0.709097
JPY 152.314047
KES 129.000181
KGS 85.80998
KHR 4074.999782
KMF 452.498963
KPW 899.999774
KRW 1377.729868
KWD 0.30651
KYD 0.833922
KZT 488.942475
LAK 21939.999914
LBP 89599.999858
LKR 293.363651
LRD 191.84985
LSL 17.510041
LTL 2.95274
LVL 0.60489
LYD 4.809789
MAD 9.84704
MDL 17.862153
MGA 4614.999691
MKD 56.638201
MMK 3247.960992
MNT 3398.000028
MOP 8.01115
MRU 40.000113
MUR 45.830202
MVR 15.395892
MWK 1735.499865
MXN 20.115902
MYR 4.368498
MZN 63.89996
NAD 17.509678
NGN 1643.790446
NIO 36.775048
NOK 10.997601
NPR 134.654282
NZD 1.673315
OMR 0.385023
PAB 1.000706
PEN 3.76825
PGK 4.009497
PHP 58.428496
PKR 277.85048
PLN 4.00625
PYG 7880.549392
QAR 3.640598
RON 4.573798
RSD 107.57498
RUB 99.000906
RWF 1364
SAR 3.755981
SBD 8.306221
SCR 13.572676
SDG 601.492364
SEK 10.725503
SGD 1.31914
SHP 0.765169
SLE 22.725025
SLL 20969.496802
SOS 570.999922
SRD 34.906011
STD 20697.981008
SVC 8.755249
SYP 2512.530268
SZL 17.510545
THB 33.740262
TJS 10.657051
TMT 3.51
TND 3.099026
TOP 2.342102
TRY 34.355398
TTD 6.783235
TWD 31.958497
TZS 2690.873003
UAH 41.474075
UGX 3662.002824
UYU 41.690353
UZS 12815.000197
VEF 3622552.534434
VES 42.803037
VND 25360
VUV 118.722039
WST 2.801184
XAF 601.447787
XAG 0.029645
XAU 0.000367
XCD 2.70255
XDR 0.751676
XOF 600.498196
XPF 110.250212
YER 249.850195
ZAR 17.496402
ZMK 9001.20029
ZMW 26.842284
ZWL 321.999592
  • SCS

    0.1100

    12.25

    +0.9%

  • CMSD

    0.1103

    24.92

    +0.44%

  • RBGPF

    66.4100

    66.41

    +100%

  • CMSC

    0.1100

    24.64

    +0.45%

  • BCC

    0.0500

    134.26

    +0.04%

  • BCE

    -2.9800

    29.12

    -10.23%

  • RELX

    -0.0200

    47.06

    -0.04%

  • RIO

    -0.3200

    65.01

    -0.49%

  • NGG

    0.1900

    64.45

    +0.29%

  • JRI

    0.0500

    13.1

    +0.38%

  • AZN

    0.0100

    71.43

    +0.01%

  • GSK

    0.0900

    36.97

    +0.24%

  • BTI

    0.0400

    35.11

    +0.11%

  • VOD

    -0.0300

    9.32

    -0.32%

  • RYCEF

    0.0100

    7.11

    +0.14%

  • BP

    0.5000

    29.73

    +1.68%

China's premier 'fully confident' of hitting growth targets
China's premier 'fully confident' of hitting growth targets / Photo: © AFP

China's premier 'fully confident' of hitting growth targets

Chinese Premier Li Qiang said Tuesday he was "fully confident" the country would hit its economic goals this year, lauding recent stimulus measures and suggesting there was still room for more.

Text size:

China's leaders have set an annual growth target of around five percent, but in the third quarter the country saw its slowest expansion in a year and a half as its post-pandemic recovery remained stubbornly uneven.

The government has announced a raft of measures aimed at boosting activity, including rate cuts and the easing of some home purchasing restrictions, but analysts have criticised the lack of detail so far.

Observers hope a specific figure for the stimulus could emerge from this week's meeting of the Standing Committee of National People's Congress, the top body of China's rubber stamp parliament.

"We are fully confident in the realisation of this year's goals and the development of China's economy in the future," Li said Tuesday at the opening ceremony of a major international trade show in Shanghai.

Referring to the recent package of measures, Li, who has official responsibility for economic policy, said they had been "well-received".

"China's major economic indicators have rebounded across the board, market confidence has increased significantly, social expectations have improved significantly, and there have been many positive changes in economic operation," he said.

An initial market rally when the measures were announced has since fizzled out, with investors put out by the lack of detail.

But there have been glimmers of hope for the economy recently, including China's manufacturing output expanding for the first time in six months in October.

On Tuesday Li suggested that officials still had room to manouevre when it came to further measures.

"In the face of downward economic pressure, we have the requirements for increasing counter-cyclical adjustments," he said.

"There is a relatively large space for financial and monetary policies, and the policy tools are even more abundant," he added.

D.Ford--TFWP