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The AFR is reporting that Finance Minister Lou Jiwei has already watered down China’s growth target saying “it is not important how much we are above or below 7.5 per cent GDP growth, employment is the more important indicator.” He said growth of 7.2% would serve the purpose.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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