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China 2015 growth to meet target of around 7%: NDRC

Updated: Jan 12,2016 7:13 PM     Xinhua

BEIJING — China’s growth in 2015 could meet its target of around 7 percent and economic fundamentals will remain healthy in 2016, an official said on Jan 12.

The growth rate was 7 percent in the first and second quarter and 6.9 percent in the third quarter, said Li Pumin, secretary general of the National Development and Reform Commission (NDRC), China’s top economic planning agency.

Employment was stable with 12.51 million new jobs created for urban residents in the first eleven months and the whole year will see about 13 million new jobs for urban residents, he said.

He also stressed efforts to cut overcapacity, including more macro control, market supervision and favorable policies.

China verified its 2014 growth rate as 7.3 percent last week, unchanged from the preliminary verification figure.