The Beijing News (via MNI):

  • Li Yining, an economist with Peking University, said the government should change the binding GDP growth target to a flexible growth projection
  • To ease pressure on both local and central governments and promote economic rebalancing
  • Li said China’s growth is slowing because of weak exports and overcapacity
  • Added that no need to worry about a 0.1 or 0.2 percentage point drop in GDP growth because China’s GDP number is underreported by western accounting standards
  • Many small businesses tend to underreport revenue to avoid taxes

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ps China GDP due at 0200GMT: