Economy
China signals slower growth is acceptable to tackle debt, smog
China's economy is seen growing 6.8% this year and 6.5% in 2018, according to economist estimates compiled by Bloomberg.
China can achieve a goal of doubling the size of its economy by 2020 even if annual expansion slows to 6.3%, according to a senior Communist Party official, signaling a greater willingness to tackle debt and pollution at the expense of growth.
In its blueprint for 2016 to 2020, China set a minimum annual growth target of 6.5% for the five-year period to achieve the goal of doubling gross domestic product from 2010 levels.
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