So says China's State Planner as part of the 2016-2020 proposals
- we pay more attention to employment, people's incomes and consumer prices than economic growth figure
Ah right, so it's just everyone else who's paranoid about Chinese GDP huh?!
- economic growth is in a reasonable range
- fundamentals for economy to improve in the long term have not change
Meanwhile PBOC chief economist Ma Jun says:
- some market participants too bearish on China
- recovering property sales and macro stimulus to aid growth
- analysis shows 9-month lag in full impact of rate cuts
- hopeful that global recovery will boost export demand
