Expert: China's economic target achievable

CNC
Added On March 16, 2019

INTRO
 
China has set its economic growth target for 2019 at 6 to 6.5 percent, and vowed to promote high-quality and sustainable growth.
 
An Indonesian expert says the targets are both realistic and achievable.
 
PKG 
 
The world's largest developing economy has set its 2019 GDP growth target at 6 to 6.5 percent.
 
The Chinese economy expanded 6.6 percent in 2018.
 
Fithra Faisal, an economic expert at the University of Indonesia, says the target set by the Chinese government is realistic and can be fulfilled.
 
Faisal also lauded China's first unified foreign investment law as a good step to further draw foreign investment and propel economic development.
 
According to this year's government work report, China will improve its exchange rate mechanism and keep the RMB exchange rate generally stable at an adaptive and balanced level.
 
Soundbite(ENGLISH)FITHRA FAISAL, University of Indonesia
 
“So, it is actually a supportive means to the global trade because global trade needs less volatility. With less volatility we have good projection in trade. Global trade especially is actually welcoming that strategy.”