China to Set Growth Target of 6 to 6.5% for 2019, Reuters Says

(Bloomberg) -- China plans to set a target range for economic growth of 6 to 6.5 percent for 2019, Reuters reported citing unnamed officials.

That compares with the 2018 target of “about 6.5 percent,” signaling that policy makers are embedding the ongoing economic slowdown into their goals for the year. The government is also widening the targeted budget deficit for the year, to 2.8 percent of gross domestic product, Bloomberg reported this week.

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