Weibo has the draft of China's 15th 5 year plan
- GDP range 2016 6.5% - 7.0%
- Will aim to keep 2016-2020 GDP at least 6.5%
- Aims to maintain medium to high speed growth 2016-2020
- GDP growth target to ensure sufficient employment
- Expects 2016 CPI of 3.0%. Sets CPI target at 3.0%
- Wants to add 50m jobs over 5 years (while they try to cut 5/6m over 3 years??)
- Raises 2016 budget deficit to 3% of GDP
- Expects retail sales growth of 11% in 2016
- Fiscal revenue to rise 3.0% y/y in 2016
- Expects fixed-asset investment growth of 10.5% in 2016
- China faces more difficulty this year
- Will keep yuan rate at reasonable balanced level
- Will continue to promote bond and stock market reform
There's comments from Chinese Premier Li alongside all this but it's just the usual , keep yuan stable, continue reforms blah blah blah.
I only caught this as it all came spouting out while I was about to switch off my pc. No doubt further details will be out over the weekend.
I'm off to bed so have a great weekend all.
